i have read so much & understand, page-46

Hi RDD, you raise a good point. When announcement were being made that KML would deliver 63% Fe Magnetite until the polishing circuits were completed, I got an email from GBG saying that 68% Magnetite was already being produced. If so and the polishing circuits improve the concentration 5%, we will be delivering Magnetite with 73% Fe for not a 20% premium over the Iron Ore Spot Price but at least 28% above. Anyway I have asked GBG what concentration is being achieved even though the commitment is 65%. sdo