Cheers Sparkler.This is from the "Q" (page 3) and may be what...

Cheers Sparkler.

This is from the "Q" (page 3) and may be what you are talking about, with your lower grades.

The contract is for a min. grade of 48%. Brewer would like 53%

Which leads to questions. Will each shipment be tested and payment given on the quality of each shipment?

These grades are only in 3 reefs in Chowa.(small scale open pit ) So they can not have any really idea what is out side of the open pit.

If they can prove up a JORC and map this resource, then they might have something as you said. The concern here, as is a real management risk. Passed behaviour, is a good predictor of future behaviour.

You can see by the heavy discount placement ($1,482,000) and 15% ($219,546) cut to Komodo ,16% cut to the underwriters ($255,244), that you can expect more of the same.

China has also been putting the pressure on Iron ore suppliers as well.

ZZ-Vol. Once challenged, these pack ramper are always exposed.
Keep challenging them, and do your research.