the real deal my , page-2

Evening Suppy and others.

Forgive my ignorance, but where do you get the figure of 200mt+ at 60%fe?

The only figures I can find refer to magnetite ore targets, with average grade of 42-53%fe. UPGRADEABLE to 60-65% through beneficiation....big difference.

The company has made reference to establishing a JORC compliant Mineral resource of 200mt of iron ore @ fe 60% (or equivalent)

So we are looking at possible magnetite ore body that would need to go through the usual benefication to produce at equivalent tonnage of high grade product?

Apologies if i've missed something but seems that some think NSL are talking about a high grade DSO resource, when all data is saying a magntite target. Probably in the 500-600mt range if they are hoping to get 200mt (after mass/grade recovery) of high grade product.

Appreciate some clarification from those who have researched the stock in depth.

cheers