Not every one knows what CID is,believe it or not.
BCI Iron Ore grade is not high at 57%Fe but on a calcined grade it is.In fact BCI 57%Fe iron ore is higher CaFa%Fe then BHP CID Yandi and RIO CID Robe R CaFa %Fe
This part about UMC high grade iron ore has been pushed by some on this forum to rubbish most other iron ore companies in Australia.You would be aware of that as well,so don't try to say I am misinformed or misunderstand the iron ore business,as you would be well aware of what I was getting at.
On the Detrital point.If BHP or RIO come across a big area of detrital when drilling,what do they do with it? Throw it in a pile for back fill? As I said before in my other post you also find,Detrital,Pisolite and CID one above the other when drilling.
Regards Westcott.
UMC Price at posting:
85.0¢ Sentiment: None Disclosure: Held