"Hey BT, one thing to come out of the AGM that really surprised me was that TN was critical to Vale because somehow they would use its richer magnetite iron ore to mix and grade control! "
A previous announcement regarding TN stated something to the effect that it would make operational sense to mine Trindade North concurrently. Many queried what that meant exactly.
This mixing of the rich magnetite for grade control I assume now clarifies things.
What a great position for AVB to be in with a perfect win,win for both parties.
A cool 1mil in 9 mnths and 10-40m within 20 mnths.
AVB Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
