I have to disagree with you on several of your statements.
You are comparing percentage fe Fas hematite has some at 67 fe plus ideally too pure fe is not always ideal.
58-60 fe is highly regarded as a good mix to process, please refer to what is known as the Pilbara blend, sold to the Chinese.
Gwr has a great deposit no question, but consider the transport costs to esperance. The costs to get ore to the main rail line to go to port would be huge.
Compare this to Fas, 20 mt alluvial, build rail spur, wash ore and of they go.
People disregard Fas as a no hoper, everyone may get a shock, as they are truly a player in port access. Gwr, also has to factor in, the dropping Ore price, and the transport costs, hence why their wonderful Ore Body has not been manipulated as yet
Just my opinion
GWR Price at posting:
16.5¢ Sentiment: None Disclosure: Held
