Also the price for high grade fe is at a premium, here's a comparison chart betwe en 58%, 62%, & 65%. I don't know what the premium is for fe up to 70% but if you look at the difference between the 3 one can only come to the conclusion that it would be considerably higher. Also preferred by smelters because it's less to process and requires less energy.
http://www.custeel.com/en/csi.jsp
MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-89
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