Share
1,143 Posts.
lightbulb Created with Sketch. 325
clock Created with Sketch. 30/04/25
20:58
Share
Originally posted by Franciscus:
↑
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.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?
Expand
”super grade” was HIO’s hype machine. 70% I belief which when I last checked in, they had no ore samples supporting it.
(20min delay)