to trade4profit....
its not dso( direct shipping ore), you need fe of over 60% for it to be worth the exercise...
the iron ore trafford has is a magnitite ore, which when treated you will get 70% recovery (davis tube recovery system)
i think you guys are getting it confused to the stuff in the pilbra region (rio,bhp and fmg) with fe of 60% plus
read the following annoucement
http://imagesignal.comsec.com.au/asxdata/20070207/pdf/00691366.pdf
this ore attracts a premium price compared to the iron ore from the pilbra region....
go lloyd.............................
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