I’ve noticed an increase of other juniors getting in on the magnetite space, just recently HAV, Havilah resources have purchased a magnetite tenement near HIO, GBZ in Western Australia and many others. It’s just a matter of time before the shift to green steel starts getting real, so patience is what’s needed. As I’ve mentioned previously mgt have been laying all the foundation work needed, and investors are after producers putting out up to 50mtpa, therefore our DFS may need to start with 10mtpa to attract investors. Just my thoughts on a Friday afternoon.
Understanding the demand for Green Steel, page-432
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