I had concerns about the FE ore as well. When I first saw the announcement I remembered the play by the ex MD to buy Cape Lambert. That saw a slide from 0.75 to about 0.40 in one day. But this time around it is on Fox's ground. So my fears have gone. At least magnetite is easy to find when you are looking for it.
If this announcement is combined with a great 1/4ly report, then we are really going to fly.
It was interesting that they had a quote by TS and not DH in the FE release.
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