pfs quality questioned by regular fe investors, page-2

One other thing, which I forgot to mention...is the fact Pluton provided details of ore movement in the PFS....to produce that 4.4mtpa high grade FE.

I think that confused even investors who deal with iron ore shares.

eg in the PFS they mentioned ramping up to 24mtpa to supply 17mtpa of feed. Straight away I think some were looking to the iron ore reserves figures, to try to determine mine life. In fact the 24mtpa includes all the waste (not includes in JORC) and lower grade surface Wonganin Sandstone (they have got 334mt of that stuff).

Just a though there....not mentioned previously I dont think. Over on Mt Gibsons Koolan Island (strip ration 7 to 1).....they must have to mine 28mtpa of ore to produce usual 4mtpa of FE. (but no mention ever of 28mtpa being mined)