Magnetite: Its role in the future of steel and iron ore market trajectory - *
1:53: Why Magnetite is preferred in Steel making"The make up of the magnetite is an exothermic material - it gives off heat (requires less heat in the steal making process) + less coal/hydrogen required. Less waste material in the process.. The steel mill LOVES IT"
6:52: Razorback Project MGT - Mark Eames" Ability to connect to south east australian grid (100km) + 50km from rail. Well placed. Access existing ports that already use the vessels we need. 20% post tax returns + 500m capex requirements + good news is rights issue raised 15.8m to complete DFS. High grade product of ours will be in strong demand. Steph weir is in
Singapore at iron ore forum, number of meetings with potential customers and large iron ore traders. Open to offtake arrangement or a strategic partnership"
Nothing new here
16:44: Mark Eames view of the market"when you look back to 2015 most observers said the iron ore market is dead, and there has been a persistent underestimation of chinese steel demand. from 800m in 2015 to over a billion tons .. iron ore depletion (lack of investment in iron ore for growth. Brazil is producing less in 2016. Relatively strong demand and restrictive supply has led to stronger iron ore prices. Longer term, there are 3 billion people below china's level (India is where china was in 2000) Large future demand... robust iron ore markets today, potential for significant increments in demand without major investments on the supply side. ESG/environment issues experienced in south africa iron ore projects is impacting supply too"
$$$$$ is all I see guys. HODL!!!!!
