high-grade itabirite mineralisation, page-11

this looks like a very good buy. I agree it is buy the rumour. I also believe those traders jumped in with little understanding of the fact that 60% FE is generated simply through a crushing process. Low cost. I cant see a partner for a few years as there is no need for it. Virtually zero capex. Just bring in contractors to crush and sell 1MT pa. Low costs, has a road and only 20 kms from port. A good little project with strong cashflow to come. I can see a $250m company here.