Thanks for your opinions miningio. But I have to add they dont...

Thanks for your opinions miningio. But I have to add they dont have low quality ore.

AGO have a resource of 23.3MT AT 57.3% FE
BCI have a resource of 28.0Mt at 57.4% Fe

Also AGO have silica levels of 6.6 percent with aluminium at 1.7..whereas BCIron have reported silica levels of 2.98 and aluminium at 1.76. UMC’s silica and aluminiun grades are under 5 so I give them a tick there.

So its not low grade. If UMC achieve better than this which I am pretty sure they will from looking at past drilling results they will do well. The only slight concern I have is it is 40 odd meters under the surface. I'm trying to work out what additional cost that will add to getting the resource out. I think we can all be pretty certain its economic though with the current ironore prices.