I have no mining experience but the silica content to me indicates non-magnetic whereas magnetite (Fe304) for instance is definitely magnetic. I'll be interested in whether we can get a higher iron content at source by some magnetic separation process that might precede blending or even preclude it. It will be interesting to watch how FEX manages the process of bringing Shine ore to the market. It is on this basis that shareholders will be able to judge the worth of the transaction.
Ann: Acquisition of Mid-West Iron Ore and Port Assets, page-91
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