Okay, I stand corrected on the DR-grade specification.. but, c'mon - semantics. They stated in the 2021 PFS that they were targeting a 67.5-68.5% Fe "super-grade" product. For those of us who understand the iron ore industry reasonably well, it's known that DR-grade specifications require the sum of silica and alumina to be less than 2.5%. It's also apparent that if the Fe grade of a product is ~68%, its silica and alumina values will almost certainly be <2.5% when summed. So even though we may not have been specifying "DR-grade" back in 2021, the product was always going to effectively be DR-grade.
Additionally, if your whole argument here is that the company is drastically different to the one we invested in back in 2021, and that we allegedly weren't targeting a DR-grade product back then, when we now are - shouldn't this represent an improvement to the company's prospects? Shouldn't the specific targeting of a DR-grade product by Dobson mean that our market capitalisation based on the ridiculously large resource that is the Razorback project should be a little higher than a measly $13M?
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magnetite mines limited.
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Okay, I stand corrected on the DR-grade specification.. but,...
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9.3¢ |
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Mkt cap ! $11.37M |
Open | High | Low | Value | Volume |
9.3¢ | 9.3¢ | 9.3¢ | $372 | 4K |
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No. | Vol. | Price($) |
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1 | 9999 | 9.3¢ |
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Price($) | Vol. | No. |
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9.4¢ | 5763 | 2 |
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No. | Vol. | Price($) |
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1 | 9999 | 0.093 |
1 | 24998 | 0.091 |
6 | 95000 | 0.090 |
1 | 10000 | 0.089 |
1 | 17500 | 0.086 |
Price($) | Vol. | No. |
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0.094 | 5763 | 2 |
0.095 | 80856 | 1 |
0.100 | 291311 | 2 |
0.105 | 105649 | 2 |
0.110 | 14818 | 3 |
Last trade - 10.04am 16/06/2025 (20 minute delay) ? |
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