Ann: Kalkaroo Project PFS Update, page-32

'FMG should consider a take-over of HAV. Solves two FMG issues: its low Fe grades and lack of commodity diversification.'

Serendipity...

Iron ore discounts force Atlas Iron, Mineral Resources marriage - AFR today (see p.11 if you hit Paywall)

http://www.afr.com/business/mining/...on-mineral-resources-marriage-20180409-h0yj7o

Some extracts:

'The yawning gap between the prices that high quality and low quality iron ore are fetching on global markets has forced Atlas Iron into the arms of acquisitive Perth miner Mineral Resources...

The discount gap has also hurt Fortescue Metals Group, which also sells a lower quality of iron ore...

"[AGO shareholders] are putting themselves into a combined company that is much stronger"- AGO CEO

FMG buying HAV is a Win-Win IMHO

FMG wins:
- Higher grade HAV Fe that FMG can blend with its lower grade product
- Diversification into blue, red and yellow metals
- Exploration upside including the 3 potential elephants: Jupiter MT, Grants Iron Basin, Mutooroo Cobalt District

HAV wins:
- Use FMG's expertise and balance sheet to bring HAV's in situ resources out of situ and firm up exploration upside.

Stronger together!

Over to you, Twiggy.

DYOR