benefits of bhp/rio merger fro brm, page-7

Hi Wescott/Mozart

Grade is hardly irrelevant

Rio and BHP sell their blended orebodies at 63-65% Fe. Frm what I've read Brockman proposes to sell 57.5%-60% Fe (after beneficiation). Iron ore light yeasrs apart

The Alumina in the DSO portion well exceeds 3.0% which is worst in class, current worst DSO performer being Robe ore at around the 2.8% mark

I've no wish to engage in unhelpful debate over BRM cons/merts now that I have responded on the grade piece. I jumped in earlier as I thought that the analyst report had been taken out of context

Good luck to holders.