Jimmy do your really understand the magnatite and the dry or wet magnetic separation, and cost of grinding deepening on the micron desired How expensive it is. I think a lot are guessing and don't really have a clue how the costs can add up and the power consumption in the grinding process. I can understand fob of say 55 fob for some of the ore but no way will the get 55 fob for the magnatite grinding it to the micron size they have mentioned. This is why I have mentioned where are the studies, I am not trying to rubbish the operation or what they have. Just pushing to see if they have what it takes. As I can't name one iron ore company that has looked to mine without a scoping study let alone a Pfs or BFS. Anyone can guess fob costs but your just making stuff up by guessing.
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