short term - any thoughts, page-9

re: iron ore 400mill tons Care is required here IMHO.

I think some of the published material, while perhaps factually correct, is a bit misleading. I am no geologist but my understanding is that magnetite typically is modest grade iron ore. The recent announcement about the scoping study refers to using a pipeline to transport a slurry of 68% iron ore "concentrate".

The key word is "concentrate". That means they will be processing lower grade material at the site to increase the grade of the transported material to improve economics. I have not read enough material to get to what the actual deposit grade is.

I do not hold and advise to do your own research.

regards
DF