I was pleasantly surprised that the grade reported for the first shipment of 113,000 wet metric tonnes was 58.5% (described as Onslow Fines). I expect that to use that descriptor means that they are intending to provide a consistent spec product. It is at the high end of the grade quality included in the mineral resource declarations from memory, but that's good and suggests they will be comparable to Fortescue Metal(FMG) products. So to answer your question, FMG ships a product they describe as "Pilbara Hematite" and although I have not found a specification for it, the following slide from a presentation late last year suggests the Onslow Fines is similar on grade at least (and therefore possibly price too) to Pilbara Hematite.
Regards
DF
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I was pleasantly surprised that the grade reported for the first...
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