Watcher closely, page-84

Red and Blue

Thanks for the feedback and your thoughts on this one.

In terms of the low grade stuff, the Colomi website says they intend to concentrate the ore by magnetic separation
http://www.colomiiron.com/processing/

Not sure what grade it will increase to. But either way the really interesting thing is how the Colomi and Tombador might be merged or JVed or vended in etc... or not at all. When they say "immediate surrounds" does that mean within the Tombador lease (which is quite large compared with the deposit footprint) or extending into the Colomi leases? I guess we will never really know until it all happens. It should all work in TI1 favour as the first mover on the ground with infrastructure which would be best shared, but with the joint owners owning more of Colomi than TI1 I hope that any deal is not swung towards Colomi's favour.