MXR 3.70% 2.8¢ maximus resources limited

"this may just be silly, but does anyone know what grade iron...

  1. 3po
    145 Posts.
    "this may just be silly, but does anyone know what grade iron ore it is? that is what % Fe it has?

    No offence, but if the Fe is below 56%, who cares how much they have, it's not profitable to mine."

    From what I have read Magnetite is usually no more than around 35% Fe. The announcement implies a possible resource of Vandium-Magnetite (FeVOx) of between 350 and 1000 MT.
 
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