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I'm on this for phosphate, I don't rate magnetite but it's good...

  1. 1,078 Posts.
    I'm on this for phosphate, I don't rate magnetite but it's good to have up the sleeve should the economics be okay, there were a lot of previously uneconomic resources now being mined with the increase in spot prices, it has made Twiggy Australia's richest man. So who knows where we'll be in another ten years. Magnetite is a pure bonus for me.
 
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