exciting news - ecuador govt jv with say, page-19

Well G ,
I think you are a little crazy.
It takes upwards of 5 years to drill out and prove up a reserve.
Witness IRD in Sth Australia.

There are iron sands and iron sands.
NZ steel has 2 iron sands mines and they operate one after many years of research developing a unique processing technology.
APG did a campaign for NZ steel 3 years ago with a newer tchnology but could not seperate out the silica.

The second mine exports directly to China [ but I expect gets low prices ] because of the silica which clogs the blast furnace walls and necessitates more frequent jackhammering of the glaze off the furnace walls.