Nice reply zacko, I also respect your view and comments.Yes, the...

Nice reply zacko, I also respect your view and comments.

Yes, the high-grade story has been around for some years now & the green revolution / de-carbonising of steel industry a key focus in future.

However, FMG can spend billions because they have billions to spend, not just on magnetite but also high-grade ore in **on, which despite being at very early study stage will likely come online well before Hawsons ever will, if ever. Simandou in Guinea is also high-grade and finally going to come online in the next few years because the Chinese also have billions to spend, as does RIO who are also there.

There are many wannabe magnetite early stage projects around the world, which will never get into production & Hawson's is one of them IMO. Why? Because the capex is too high even if you do have access to a railway.

The Iron Bridge Magnetite project, which has been a major plank of the miner’s growth strategy, has faced multiple cost blow outs and delays that led to the departure of its chief operating officer Greg Lilleyman and two other executives in early 2021.

Magnetite iron ore projects are also notoriously difficult to develop. China’s CITIC Pacific Sino Iron project in Western Australia, operated by a unit of investment holding firm CITIC Ltd, arrived 10 years late and billions of dollars over budget, for example.

https://www.mining.com/web/fortescues-iron-bridge-to-begin-production-this-quarter-q2-shipments-rise/

Long term iron ore price? Below article is worth a read.

https://capital.com/iron-ore-price-forecast