the australian article, page-22

Hi DTrad - thanks for the hurry up but I have been busy.

Yes, I tend to agree with Westcott that the journo does not understand that there is two different ore deposits, one being hematite and the other itabirite, and that they may be comparing the itabirite with magnetite and ignoring the hematite.

However, I would also point out that SDL's total hematite resource is currently 775mt @ 57.2% Fe.

That is not a particularly high grade hematite resource and I think SDL call it high grade because it is high grade compared to the itabirite.

But it is not high grade compared to most Tier 1 iron ore deposits (which is why I don't rate it as a Tier 1 prospect).