Chippydude,
Kray is techically correct regarding grade. The average grade of the resource is approx 18% fe.
ADY's ore is Magnetite (fines), not the high grade hematite which is generally referred to as lump.
Benefication is then used to increase the final product grade to 63.5% fe.
This is a common process but adds costs.
Fines has its own market.
ADY's product has the added advantage of very low inpurites eg sulphur.
Refer ASX presentation 15 June 09 which gives an overview of product details and also resource grades as does the more detailed presentation dated 11 Sep 09
Chippydude,Kray is techically correct regarding grade. The...
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