tcisboss ok I apolagise. You seem to have a good vision about...

tcisboss ok I apolagise. You seem to have a good vision about the company. In your previous post you mentioned using the coal gas to smelter the iron ore. That could be possiblle if they have proven grounds with coal gas. Earlier in the companies history I think they were going to look for gas under lignite coal but I dont know if they found any.
But alternatively THey could always use the lignite to power a steam turbine boiler for power if they could get govt approval as it is high in sulpher.
Magnetite varies in its power requirement for the concentrator as GBG found out to its angst and has resulterd in a delayed BFS
No I am not a school teacher I have swing traded for a living for the last 4 years with varying success, last year terrible previous 4 years average 40% return. THis company seems to have potential it reminds me a little of TFE as far as resource of hemotite, although this also has the coal and magnetite ( a broker would have trouble valuing that though) but this company is further from China (for shipping) and is not as advanced a project as TFE but thats reflected in the cap.
Here Port access could be an issue I use to own MGX stock when it first started shipping and they had problems with sharing ship loaders at the Geralton port. Port authorities have their own interests at hart.
Compared with the poor quality iron ore from India and domesticly in China this ore P levels and Sio2 ,Al203 looks ok under .08% and 12% respectively similar to TFE.
Similar logistics with each company close to rail and non private port. Also this seems to only have non binding letters of intent to purchase ore Twiggy got court out with FMG early on with trying to inferr the non binding letters were as good as actual sales contracts(I may be wrong on this issue here)
Sorry for the lecture and no I am not a teacher
Good luck

I dont own either TFE or this this is a good story though use to hold TFE