declining ore grades, page-2

yb, In a similar vein, I read an article on declining grades and declining resources of hemitite a couple of years ago. The article was much more of a hematite v magnetite.

It stated that as hematite is much easier to mine and treat, a lot of the majors had previously stayed away from magnatite but the tide was turning and the expertise and infrastructure for processing magnetite was gaining.

The basis of that article was that as hemitite deposits diminished the majors would have to increasingly turn to magnite. GBG has mainly magnetite, so it bodes well for the future.