it seems like many of the iron deposits in SA that are specular hematite. they are low grade but upgrade easilly with crushing. it produces a premium product that sells for more but it is a long way from Darwin. why would they go south to Alice Springs nose when they could go straight to the rail line and save 200km of railway cost? i think the low cost start for this idea might make it worthwhile and if it gives cash so they dont need to touch shareholders then all the better. i still dont care if directors only buy $50 worth as long as they are putting thier own cash in it makes me happy and it is good to see life in the sp. good recovery from 1.9 cents this year.
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