GREY:ADEXF - Post by User
Comment by
MichaelD1on Oct 30, 2010 4:51pm
289 Views
Post# 17635690
RE: stats and value
RE: stats and value
Thank you for pointing up some of your perceived risks here behrhunter. Unless I am misinterpreting the data, it would appear that AXI iron ore has similar grades (average 28% Fe) to the grades at CLM's producing Bloom Lake project (30% Fe). Relative to the highest grade that it is possible to find in quantity in the ground (near 70% Fe), these grades are low, as you say, but it would appear that they can still be economic to mine, process, and ship, given the right mix of other factors.
Michael D.