If i recall ~$300Us/t has been quoted as potential pig iron prices- correct me if im wrong. Whatever the case- a lot more then selling straight magnetite ore.
If FWL can get this from average grade magnetite. Why aren't other companies doing exactly the same thing. Especially when these iron ore plays are running so hard.
Look at someone like ARH who have 1 billion tonnes of mag. Why is FWL the only one who seems to be onto this....
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