Hi guys and welcome thathanggliderguy,I posed the question that...

Hi guys and welcome thathanggliderguy,

I posed the question that any ore below 57% Fe was considered low grade ore at BCI. However what I couldn't understand was because of BCI's extraordinary LOI of 12.3% at Outcamp, that BCI's 55% Fe ore should be viable because it is above 62% CaFe which to my understanding is the Asian mill cut-off.

Note: For fines, Asian mills are concerned about the blast furnace feed, not the pre-sintered phase of the ore on the most part. Thus, the CaFe figure is more relevant to mills then the Fe figure.

Infact I considered in question 1 that the 55% Fe ore as DSO and not BBSO.

Was the low grade ore considered in question 1 -- that being 55% Fe addressed in the BRR interview? What grade was mentioned as low grade ore in the interview? ... therefore ??? Outcamp has a CID figure of 54.1% Fe. Was the Fe figure mentioned in the BRR interview even lower then the CID figure? Is a number even lower then the CID figure relevant to question 1? BCI is receiving CFR62 for the 57% Fe ore. Does anyone ponder that the perception is the 55% Fe ore as mentioned in question 1 to some here is linked to CFR52? Prices are linked to a Dry Metric Tonne Unit (DMTU). That is for arguement sake, if the price is AUD$150t @ CFR62 = $2.42 for each percent of ore -- DMTU. Therefore for the 55% Fe ore -- 55 X $2.42 = $133t.

I CANNOT say anymore, I've already said too much. Please look at the evidence.