While it may have low strip ratio the head grade isn't fantastic. It's not a standard magnetite resource as it has around 18% magnetite while having around 29% head grade.
It has a more complex workflow that requires significant processing to achieve a sellable product.
On one of the announcements I did read there was a new area targetting DSO, which I thought was interesting.
Its an interesting project, Vale have structure the deal to walk away very cheaply if it doesn't stack up. I think its hard to put a value on it due to so many unknowns. Hopefully the PFS will clear alot of this up.
Ann: Cyclone Metals and Vale execute Development Agreement, page-106
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7.4¢ |
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| Open | High | Low | Value | Volume |
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