Nice One
Even the tonnage using the 57% cut off is not DSO, contaminants are way too high!!
10.7 is not DSO.
They will need to beneficiate it, with that you lose tonnes while you lift the grade and lower the contaminants. Tonnes of Fe will go to tails.
So the 470 million tonnes could turn into 300ish.
As for the bid, it is scattered, not a solid ore body.
The market thinks it is low quality as well.
They can ramp it all they want, the retail holders may believe it, why are there no insto's on the register??
hold excellent at fair price, page-8
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