sdl vs fmg, page-13

You got the point Rupy.

I way I see it:

Currently FMG has 4.5 Billion tones of resources.

However SDL has an exploration target of Nabeba for 100-250 mt @55-65 Fe Hematite, that means it could double the current high grade resource from 250 to 500 Mt (@@55-65 Fe Hematite) , and potentially increase the overall tonnage of Itabirite from 2.2 to 4.5 Billions tones.

The overall tonnage of Itabirite comes down when upgrading it to %66Fe, however SDL will end up having a superior quality product (as mentionned by Rupy), and with an operating cost less than FMG