was the announcment deserving of a 2 day tradi, page-15

Bungy234 - Do take some time and read FMS JORC announcement. 476m tonnes are just an headline act, the devil is in the details.

I have throw a question on your comment that all FMS 476m tonnes are pure rubbish in one of FMS thread. Let me cut and paste again ...

Based on 57% cut-off in FMS JORC statement and using UMC JORC as a comparison:

Code Tonnage(mt) SiO2 Al2O3 P LOI
FMS 124 58.3 6.9 3.8 0.08 5.7
UMC 122 58.3 4.5 3.4 0.06 7.97

Are you saying UMC's ore is just a little bit better than pure rubbish ?

Can you work out the FMS have 124m tonnes of ore with CaFe more than 60% ?