Hematite and magnetite are two different beasts you cannot just straight compare.
Hematite is a direct shipping ore that is in the 58-62% Fe range.
MGT have produced a sample at 68.5% Fe and the price between the different grades is huge.
Magnetite also needs less energy to smelt and is considered "greener" and favoured by smelters etc.
Maybe even Greta approves haha
MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-485
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