Magnetite ore is rarely high in iron ore content. Hence it needs processing to bring up the percentage.
Hermitite ore is the stuff that can be a much higher grade and is literally just dig and cart it away to sell.
I am comfortable with FEX getting AHN's control of the company but I would not want to see FEX pay much for it.
I think the best investment would be to have the processed IO which was estimated at 70% from what I read. If possible it would be far better blending it with say Shine iron ore body or any other ore body in the 58 to 62% FE content range. I think 62% to 64% is the ideal blending we would want to get the max return on investment.
AHN take over, page-25
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Last
34.0¢ |
Change
0.015(4.62%) |
Mkt cap ! $236.1M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 34.0¢ | 32.0¢ | $436.6K | 1.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250124 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 9631 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
0.015 ( 4.69 %) |
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| Open | High | Low | Volume | ||
| 32.5¢ | 33.5¢ | 32.0¢ | 494100 | ||
| Last updated 15.58pm 14/06/2024 ? | |||||
| FEX (ASX) Chart |