Ann: Renounceable Rights Issue to raise up to $15.8M, page-191

Frog i just want to say thanks for utilising company data to assist your argument. It's a breath of fresh air.

So the premium they've utilised is incredibly conservative. One only needs to look at the quarterlies/financials for companies as ASX:GRR or ASX:CIA and run comparatives. The profits are insane at the moment... truly unreal, and i don't think the mainstream market are really aware.

Please also note the contingencies;

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Our nominal product lies between 67.5 - 68.5 percent; see here;


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Now, here's a cut and paste from the last few days index re IO;


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Check out the premiums re 65%. keeping in mind we have 68%.
and the premiums are usually ascending per % point.

Also note the pellet situation, @ their insane premiums.
You want evidence of that, check out ASX:GRR.
absol-utely insane profits. I couldn't believe the financials.
The magnetite industry in 2022 is where it's at.

The question is; are we doing pellets?
we might. in fact, it would be prudent if we did.
I'm hanging out in secretive hope that they've been coordinating this in the background as part of the metallurgy component re project,
however the point remains that @68% concentrate, we are attracting insane premiums above and beyond that which are quoted in the metrics management have released - plus the contingency on direct costs (which will way more than make up for interim inflation).

Data doesn't lie .
This is, what it is.

Would love your input too, @Martyac if you had the time.