Hi EndlessRoadHave you checked out CAP's investor presentations...

Hi EndlessRoad

Have you checked out CAP's investor presentations or done a basic google search on magnetite demand?

Not only does China have a voracious demand for it, but most of their domestic iron ore production over the last 100 years has come from magnetite.

Here's a link to an article, which has nothing to do with CAP, but gives a brief rundown as to why Australia initially went down the hematite route plus some other very basic facts on the hematite/magnetite issue.

http://www.perthnow.com.au/business/news/wa-cattle-station-becoming-one-of-the-biggest-holes-on-earth/story-e6frg2qu-1225853257439

Cheers

K