Ann: Positive PFS Results for Razorback Iron Ore Project, page-765

to make it worst the selling price of $110 is in 62% grade as well. This is a magnetite deposit not a dso ore deposit. Its almost comical if it wasn't so serious. Who on earth wouldn't shows costs and selling prices in 68 grade. Only mgt has done this. Why would you do this, the only conclusion I can come up is to make the project appear better than it is, and to put in smoke and mirrors, so shareholders don't know the true picture.

instead of attacking me, ask the directors why they have done this. Isn't this suppose to be a 68% magnetite project? Show us the economics of that project, using 68 grade selling and cash costs. Simple really. No need for 62 grade information