You are missing something. Basically through magnetic separation (very cheap as I understand it), they can get this to +70% with very low impurities.
Close to a railway, access to a port, development should be fairly straight forward with no huge capital expenditure.
Just on the current resource of 44 million, if you use figures that Sundance has put out, I think they predicted a surplus of $26/tonne or similar. If you apply that here, say their reserve is half, 22 million * $20/tonne profit comes to $440 million or about $14/share!
I like, but please do your own research, I may well be wrong!
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
