Ann: SIMEC Commences Due Diligence on Havilah's Iron Ore Projects, page-57

"Benefication costs money to do - unless you know somewhere where HAV can get......"

Yes, I do know where HAV can get all these things. Hence the excitement regarding the potential involvement of Gupta.

Energy, ports, mining, financial services, engineering services.....this guy does it all. Sure, it won't be "for free", but I don't think anyone here has suggested it would be.

Not sure if anyone's posted this, if they have apologies, you can watch Gupta outline his vision here: https://www.boardroom.media/broadcast-single/5ae2a2838f283b160463fbde

In particular from around the 22 min mark to the 33 min mark he talks about his steel & mining businesses and what they're working towards.

He's foreshadowing a significant increase in steel production in order to meet what he believes will be a significant increase in demand coming from India (as well as domestic demand here in Australia). So he talks about increasing production from 1 to 2 million tonnes of steel to 10 million, at least, and possibly up to 20 million.

In order to meet that sort of growth, he talks about a significant initiative going into finding sustainable, long-term sources of iron ore both for export and steel production.

Oh, he also talks about the big efforts they've already made to get their grade to 60% and are aiming for 61%.

It's clear from his presentation what some people see as problems, Gupta sees as opportunities.