dear geosi own some options in a speccie iron ore explorer,...

dear geos

i own some options in a speccie iron ore explorer, which claims to have large quantities of at surface, extremely low opex, maghemite

the impurities from the many rock chips are consistency high, including around 0.25% P (phosphoros)

my understanding is 0.15% P is the maximum acceptable limit

in its announcements, the company has said the impurities are acceptable & marketable

i phoned the company, who said they have no issues with the P, that such ore can be easily blended

any opinions are welcome

thanks