exceeds 1 bill, page-8

hey guys, that is 1 billion magnetite (or magnetite grade equivalent).

AGO announced 2 billion tonnes as well so you can't really compare.

The main thing is that in a depressed market, people won't get too excited over a big resource that will cost heaps to start up. You would need 1 billion tonnes DSO (i.e. >56% Fe) to get people excited.

I think the court case and the OPR infrastructure thing is weiging against MMX.

AGO does not have that. Not that I am vouching for AGO.