Help me understand the basics and the risk of this business?, page-3

Thanks that's brilliant.

"in ground, the grade is low, but it can be processed to achieve a grade of 68.8%"

What does this mean exactly? Either the grade will be 68.8% saleable product, or there is a catch? Special processing sounds like it would push up costs, so this is something I will hone in on. In the end I only care about the end product they will sell, and how much the costs will be to do that. I hope the razorback link provides more details on the methods to process low grade into high grade.

I am guessing Razorback and Muster Dam will both produce up to 68.8 fe?

Good to know that its all near the surface, I assume this applies to both current projects? Have they stated what percentage of the ore is near the surface? Mind you I accept that it will be "best of their knowledge" for this information, and might not be absolute fact.

Thanks for the reply, was great, upvoted. Defiantly provided a bone to chew.