Yeh, i agree with most of what you've said. Appreciate your input.
It IS an exploration target. But as i said, final resource could be more, could be less?...
Agree hemitite is preferred -> duh.
But, magnetite trades at a significant justifiable discount and is becoming far more accepted.
Generally, stand alone magnetite projects require 400mt+ of megnetite. So unless there is a nearby neighbour who can buy your mag off you, i wont look at under 400k (under stand alone).
One thing i will also say is, the view with regards to mag is clearly changing and i wouldnt recommend following historic convention of purely discarding it. Potash, phosphate and even hemitite were once only very recently discarded.
