who knows but either way on the PFS each ton of Sn concentrate would have a 'co product' including 78 ton of 65% magnetite concentrate. Spot price ( I think) for IO is applied to heamatite at 62%
so what ever happens and however it's processed the value of said IO might not be as much as everyone would like but it's still likely more than standard spot price
I remember reading something about pelletised magnetite being a premium product in it's own right and that pelletising became increasing suitable with fine ground magnetite.
now I wonder who would be fine grinding ?
might be nothing but all I'm thinking it won't hurt the bank that we aren't talking about run of the IO here and there's maybe a bit more scope to value add that makes it worthwhile and although small potatoes in the IO dept it is still quarter of a million ton pa ( as per PFS anyways). $10 a ton would shift $12.5 million USD into $15 million pa ( or if you prefer $25 million AUD ( at 60 cents - yes I know now I'm being silly)
I also am a little suspicious from the PFS how you can produce multiple concentrates at high metal content without separating them first? ie you can't have a single product that's 65% fe and at the same time be 68%sn. That would be greater than 100%
enough waffle for now
just wish they'd hurry up and tell all so I can put my conspiracy theories and in built over thinking to bed
CSD Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held