Ha, ha, Pelm1, how many hundreds of million tonnes of IO have you put into the furnaces before? Don't tell me you have the experiences you have put the IO more than the production volume per year from BHP or RIO.
Your words "Yes I am fully aware of how a furnace works" show you try to be a professional alarmist. Is it the reason why you didn't say 500mT IO with 53% Fe would be useless stones? LOL.
Have you been at the IO trading spots along the line which seperates China and India? Do you know how much the price with the low grade IO? What's your production scale you really want to get if you need the IO? Do you have the idea how big 500mT IO is?
I know the alarmists tend to find negative spots and enlarge them more but the high level alarmists still need to follow some professional standards, I guess. LOL.
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