IFE should just stop using "DSO" to describe their product, and the 10Mt number is right, but it converts to 4.1Mt of 62% saleable product.
IFE's product in the stage 1a 1mtpa project does not meet the standard industry definition of DSO. I appreciate that it does not require the level of beneficiation that other magnetite requires, but there really is no such thing as magnetite DSO.
The higher grade portion of IFE's total resource is 10.2Mt @ 45.1% Fe. It's this material they will process by DMS to get 4.1Mt of 62% product.
TYX Price at posting:
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