any questions, page-43

Hi Tony

Could you give your take on the difference in price terms of high 60's Fe with no penalty contaminants i.e. silica, alumina and phos?

For me it is about $AU8 per percentage point of Fe, that is the bonus side, are you able to explain the penalties of too much silica, alumina and phos? In relation to the Irvine concentrate as opposed to the Pilbara ores.. I see that you have allowed $15 to $25 for processing, of course you have to be conservative until the real costs are known.



If Ivrine is able to produce this type of concentrate on a large scale this will be one of the most sort after ores in the world....