I read that it suppose to give IO between Fe 65 to Fe 68 but don't know what will be cost to mine and how long will it take to recover the investment made by Rio and Chinese but sure based on reading it seems to have capacity of producing High grade IO at a rate of 100t/year which will surely eat not just FMG but many other small miners in OZ who are selling lower grade IO... IMO.
Iron ore price, page-44158
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