Looks like the market is not sure what to make of the news. Some...

Looks like the market is not sure what to make of the news. Some good, some not so good...
The good:
The ore body is thicker than expected (previous estimates were 50-100m thick. 50-150 over 4 km (possibly 7km) suggests this could be a very large ore body.
Relatively coarse crush (no mill required) yields a combined 65% magnetite.

Not so good:
Wet separation (ugh). More details on this process would be nice. Not all wet sep is equal. Are additives required? How much water etc. Since it's such a coarse grind, hopefully a lot of the water can be recycled reducing tailings. If no additives are needed this simplifies tailings handling too. Fully dry mag separation would have been too perfect...

This is still a relatively simple processing route though. Am still very interested in the last holes from the south (outcrop). Due to weathering of the host rock it looks like the magnetite is higher grade (less silica). This is the free digging DSO part of the ore body. A small starter project here (2mtpa) could be very lucrative, so interested to see what the rocks say