Very good post Pythagerous, and again many thanks for your input...

Very good post Pythagerous, and again many thanks for your input here.

I'm sure we could end up with some interesting results/estimates with SDL valuation.

Now assume that Itabirite (Low Grade = +38Fe) would be 5 Billion tonnes (current figures are 2,300MT, and I believe doubling this figure is still very conservative. With the beneficiation and weight recoveries of 42%, SDL can produce +65Fe concentrate. Do you (or Westcott) know by chance what would be likely the final tonnage after beneficiation?

That would provide some good input for the valuation of Itabirite resources and again by taking a similar and simple approach, by using FOB, estimated Production costs and Operating margin.
Note: Production costs and Operating margin will be different for Itabirite

Thanks,
Cheers - BS