kogi iron ltd, page-56

Thats right Robboramjet, the softness of the ore is good news and another duck lining up as predicted by Ian Burston. The lower the energy level required to crush the ore, the cheaper it is to process and from my earlier research on Nigeria I seem to remember that elecricity there is one sixth the price it is in Australia. Throw in their fuel prices being half that of Oz and labour costs a mere fraction and you can see where his sub $50 per tonne onto the ship per tonne is coming from. Ian Burston has aways held the view that a lot of the deleterious material will fall off with a simple crushing process and thats only weeks away in late January. I have always held the view that is when the stampede will commence.