Iron ore price, page-2255

Fezza, have you been reading too many misinform posts? You don‘t convert Hematite Iron Ore into concentrates. There are a lot of things in the world people just don‘t do, technically possible or not, and this is one of them.

Don‘t believe those misinform posts from the same source, the idea of FMG convert their IO into high grade has been discussed many times on HC before and yet there are still misinform posts try to let you think it‘s possible to do so.

FMG has a lot of Magnetite Iron Ore in reserves that can be converted into high grade concentrates, but to make it economically viable, they would need to produce a lot of IO concentrates, but in doing so they will also destroy the current IO supply and demand market and hence destroy their current products.

Read those misinform posts, get a good laugh out of it if you want, but don‘t believe them. The only way forward for FMG is diversify into other commodities, FMG knows this, that‘s why they are not talking about Magnetites ATM, but instead looking for opportunities in exploring other commodities.

There are too many misformed posts and the suggestion of correct them all is just too time wasting, no thanks, people should do proper research first then post them here.

Fezza, now you are better informed, hehe.

DYOR.

Frank.