AMD General Discussion, page-261

I have nailed down a lot of iron ore in Guinea and more coming but the 'big boys' are slow to move -aka the nickel 'big boys' like kangaroos in the headlights. Wiped out by Indonesia - Guinea will do the same to all but the majors in iron ore in WA .
Take a look at CZR - can anyone other than a major make a quid with 56 % Fe - Or CUF in which I am a significant shareholder - high grade -great freight rates and port capacity but hard to make a profit. Or SRK -another company who has abandoned iron ore in WA.

Guinea is mostly very high grade and as Flanagan said tens of billions of tonnes which I can vouch for -also lining up billions of tonnes.

Guinea is an "FMG moment" when RIO and BHP watched FMG peg the guts out of the Pilbara they all laughed -just low grade rubbish -well they aren't laughing now.
David Flanagan can see what I can see - billions of tonnes up for grabs in Guinea and the 'big boys' apart from RIO ignoring the opportunity.
And it gets better because this is not like what FMG built a powerhouse on around 56-58 % Fe -- the stuff in Guinea is 65% Fe - even the canga (detritals) averages around 60% Fe.
The big boys will wake up soon and like the early stage FMG backers the punters on board AMD will make a motza.