Nowa Nowa is an enriched magnetite ore -
Primary magnetite-rich ores are generally lower grade (<40 wt% Fe total) but have larger combined resources and reserves compared with enriched ores that have grades of 40 to 72 wt% Fe total. Enriched ores include early hypogene (magnetite, crystalline hematite) and later supergene (goethite–hematite) ore types.
Lets see what Engenium have to say in their report. Its still 50% iron magnetite content plus environmental and logistics hurdles. And management !
Worth investing in EFE?, page-63
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