RE: RE: Fulp and Scalability...Email Fulp dismisses AMY due to the 4% grade versus 40%+ grades of ores mined elsewhere. A better way of looking at AMY is cost of production. In that respect AMY can be a good investment.
In my area of the U.S. (Minnesota) we have low-grade iron ore that has been mined for many, many years. The ore is mined, upgraded to 66%, and delivered to U.S., Canadian, and somtimes Chinese steels mills at a price better than high-grade ores from Australia or Brazil.