Dear FMG, page-8

That is totally correct Nimba. FMG will not prioritise magnetite production given the huge capital investment required and ongoing production and maintenance costs as well as waste disposal and environmental compliance logistics. See Sino Iron's history including $billions in losses and writedowns. Any talk of Atlas or even the majors getting into the magnetite game in the next 50 years is fantasy. So therefore, I guess totally appropriate conversation for this forum.