hold excellent at fair price, page-6

'It is in the lower end of the Pilbara iron ore, quality wise. As has been shown for months by the weekly (ramps) reports.'

The higher quality BID that FMS has is lower impurity, DSO, higher grade Brockman style Goethite which is often the highest quality ore in the Pilbara. There could be a substantial amount of this stuff near surface, read between 100 to 200mt.

So best specify that you are talking about the lower quality ore before calling it all lower quality I recommend, as it is misleading and is downramping to classify it all as lower quality ore.