major milestone coming, page-201

Bommer,

The magnetite is not economically recoverable. Period.

I use just less than 1 percent cu.

That's not the biggest variable though. The cost of equity vs cost of debt is. @7% notional debt financing makes this thing far more palatable.

So while the pin-striped shorts brigade runs it's tropical vitriol ad nauseum, re 'no debt', they lack the wherewithal to know that debt delivers them a real and immediate benefit via increased NPV.

So harp on holders about 'no debt' because you are actually doing yourself, unknown, a huge value slap.

The cost of debt is lower than the cost of equity. This is hardly mind blowing stuff.