Black Cat, I agree with you about management, definitely BoD is low grade, but I disagree about Nowa Nowa iron. Magnetite Iron ore with grade 50% is high not low , even this iron ore is enriched- magnetite, by the way, firstly is nothing wrong with enriched magnetite iron ore - except Nowa Nowa Iron is not a huge project, secondly enviromental or logistic hurdle will not change iron ore grade , but will prove if this project is profitable
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