Ann: Cethana drilling update, Tasmania , page-19

Hi satori.

I think the market is not aware of the potential of iron ore companies who have announced smaller amounts of high grade and ever increasing amounts of low grade that can be easily and cheaply beneficiated to a high grade concentrate/pellet type product.

PLV have iron ore that is different to most in the Pilbara.
Very low start off ore grade,but can be because of its make up be changed easily and cheaply into a Premium product.
Most people did not believe for a very long time what was said by directors of BRM about the low grade at Marillana.
Irvine is lower grade,but ends up a higher %Fe then Marillana.
Irvine will be a lot cheaper to set up for exporting iron ore then most,if not all others when you look at the extra costs other miners have.
No rail fees to get ore to port.No large stock yard fees.No large Port handling fees.No very long conveyor lines to get iron ore from the rail head to the stock yards and ship loading areas.No time lost and costs incurred getting agreements with the likes of BHP or Rio for rail access.

PLV lower grade iron ore can be compared more to the likes of mines in Brazil,with Itabirite that ends up being very high grade and is sort after by the world iron ore market because of its high grade,direct into the furnace product.

Regards
Westcott.