Ann: Drilling and Exploration Update , page-6

My broker has spoken to management and they believe 58% Fe is easily achievable. That therefore only leaves two questions unanswered...How much extra will it cost to process the ore to get the required quality and if the phosphorous level doesn't drop further, how much of a penalty will Kfe cop.
Luckily because this ore is at shallow depth and in a low cost oountry (cheap fuel, electricity, labour ect.) we start from a very low base. $45 per tonne has been mentioned onto the ship so lets say it blows out to $60 per tonne ( worst case IMO) allowing for both. Now at 20 million tonnes per year at the current iron ore price is pushing up towards $2 billion a year profit from my sums.
Why isn't anyone buying up yet...I believe because management will get the 58% Fe first (in about 6 weeks) before seriously marketing Kogi to the world.
It is always darkest just before dawn!