Well I've posted his reply...best I can do...he has been doing mining analysis for a long time (longer than I've been investing - a long time) and I have no reason to doubt him.
I'm deficient when it comes to iron ore so I cant really provide my opinion.
I do note however that the WPG BFS announcement refers to 'benchmark prices' as per his email.
Maybe I will get a more detailed response when I catch up for drinks with him one day.
Cheers
Cdchi1
WPG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held