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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-128

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  1. blackcoal
    80 Posts.
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    10/02/22
    17:41
    Post #: 59491842
    No, the 57% Fe can not be upgraded via the plant onsite. The wash plant removes impurities (dirt, organic matter etc) which are external to the nodules of ore. Once washed of these external impurities, the iron ore product is what it is. The only way to upgrade is to blend with a higher grade ore. Not what you wanted to read but that’s the way it is. Sorry
    Last edited by blackcoal: 10/02/22
    VMS Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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