I only read it quickly. I thought they were saying this lower grade iron ore at surface would be started to be used from year four. If so they would need to strip it off the surface and stock pile it. It is a lower grade to start with so would not add to the grade they sell at.
It now appears they have done work in the Laboratory and found with gravity seperation it can be brought up to 62.3%Fe. There was mention of 63.1%Fe I thought in yesterdays announcement.
Regards
Westcott.
SDL Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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