Ann: Resource Upgrade and Metallurgical Results a, page-3

re: Ann: Resource Upgrade and Metallurgical R... It is good news for IOH and removes some of the proposed 'discounting' of the Iron Valley ore that has been suggested in the past. Should fetch close to top of market dollar despite the P levels - certainly excellent as a blend for other very low P iron ore. Maybe a 5pct discount on the 0.02%-0.05%P iron ore....?
Whatever the case you would think FMG would be very happy to strike a deal (especially if it meant a international interest missed out).
Now we just need a few possible buyers and an in the ground ore price of $2-$3 for the satellites - an early Xmas if that happened...