There have been many tests done on this ore over the last 30 years. All those tests from what I have read suggests that the phosphorus is contained in the iron itself and not easily shaken out. Let's not forget the other high imputrities such as the alumina and silica too.
Ian Burston is on the record as saying that he is of the belief that that impurities are in the host rock and not in the matrix.
As we all know, the metallurgy tests will prove him right or wrong but quite frankly I believe the tests from yesteryear. I'm quite surprised that he believes otherwise.
EIO is just a story - investors choose to believe or not believe based on whatever information is at hand.
Of course a director of the company is going to talk up his company.
The brokers haven't mentioned the risk? - why tell a story with an unsure or mediocre ending?
If it costs them money to do this are we talking OPEX or CAPEX or both?
Why doesn't the company tell investors in announcements the same information Nathan Taylor has supposedly shared with your contact? Does your contact have lots of money tied up in EIO? I would've thought that shareholders should know more than your contact since it is them that have paid money for a stake in the company?
EIO Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
