I am in Guinea making applications for hard rock with canga (detrital) to follow. There is billions of tonnes of very high -grade iron ore not held by the majors. And if you are thinking grade revise it upwards from 58-60% Fe to more like 63-65 % + Fe . Most canga is averaging about 60% Fe and that's much higher than detritals in the Pilbara. ( Red Hawk are claiming 100 million tonnes of 60% Fe detritals so that maybe an exception) .
If AMD get amongst it hang on to your hat -not on board as all my money into pegging in Guinea but following closely.
An old reference below but typical right throughout Guinea
Rio to break ground at Simandou!!, page-70
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