Andy this isn't a ore deposit, it's tailings. I work for a mining engineering services company, I haven't attempted to cost it but my opinion is that it's economical. All they need is magnetic separation.. as demonstrated in the trials. A lot dif to processing an ore body ie no crushers, SAG mills, Ball mills, cyclones, concentrator, tailings ponds, no roads to be built etc
Market Update, page-115
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