Sorry, what I should have said was HIO DTR (mass recovery) is less than half of the DTR at Iron Bridge. HIO have to mine twice as much ore to produce roughly the same amount of final product. HIO intend to produce a higher grade product than FMG magnetite.
FMG IB in-situ Fe grade is roughly 30% according to their resource estimate ann. from a few years ago.
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1.8¢ |
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Mkt cap ! $20.31M | |||
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