leg has all its eggs in west africa, page-11

Hi (jasonalex)

It is not as easy or cheap as you are making it out to be.

Magnetite beneficiation plant a lot more expensive.
Have to process a lot of waste to end up with iron ore concentrate.

An idea on cost can be found in Renaissance Capital Valuation of Bellzone Mining 29th November 2010.Page 9
Average cost for DSO production is estimated to be around $23/t on an FOB basis./ SDL DSO costs is around $20.50/t.

Average cash costs for Magnetite concentrate production will be around $52/t on an FOB basis./ SDL Itabirite costs are $40/t.

Wrong again Jason.Sundance Resources have 5 different types of iron ore.

How are LEG getting their concentrate to Port? by Road?
LEG will have to build a Rail spur to SDL's Rail Line.
LEG will be charged by SDL or who ever for use of the Rail and for Port use.

Please do some Research first.

Regards
Westcott.