It is also worth remembering that Chinese mills will want a lower grade ore to blend with the really expensive stuff to help keep their costs down. So it is not as if our ore doesn't have a market - it does.
Just imagine also if the our company decided to build the beneficiation plant and improved the quality of our ore prior to shipping. This surely wouldn't coast a great deal.
It could be staged. Sell some of the highest grade ore. Make a few dollars, build a beneficiation plant, sell some high grade ore make some more dollars. Then build the Rotary Sponge Iron Kiln, can sell this at a premium, make some more dollars. Then build the billet steel plant, and sell both billet steel locally and also sell DRI.
Sorry Matlo just saw your post, I completely agree as above.
Round 2 - Kogi Iron, page-16
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