Razorback Iron Project Ore Reserves (March 2023) has a eDTR of 14.2%. Another name for DTR is Mass Recovery (also known as Yield).
SIMEC forms part of the GFG Alliance group.
During 2019, SIMEC's 2019 specifications for Havilah Resources Limited's Braemar Iron Formation magnetite/hematite ore test included a Fe Concentrate at a minimum 40% Mass Recovery level. See Havilah ASX release dated 24 April 2019:
https://www.asx.com.au/asxpdf/20190424/pdf/444hwnkwc2t046.pdf
Unless SIMEC has lowered its target on Mass Recovery (Yield) from 40% to 14.2% since 2019, temper your enthusiasm for now.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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