Is FL robust?The answer to this question is absolutely YES! Why? With the new results we upgrade our result count to about 58 million ton of the ressource according to corporate presentation.......did I expect more? Yes.......
Let's look deeply into FL's fundamentals:
- Strip ratio is 2.8 vs.7.8 for the Rose site (CRE)
- Iron oxide content on the PAK 0.15 % vs. 0.40 for the Rose Site
Pak Deposit :
- 7.2 Mt average grade 1.87%
- 2.6 Mt average grade 2,22
Spark Deposit
- 18.8 Mt average grade 1.52 %
- 29.7 Mt averagegrade 1.34 %
Some say FL is not robust? Guys....back to fundamentals...