What are the processing characteristics of the iron ore at Cerro Ccopane?
Basically the sulphur is coarse which means the impurities can be removed easily by magnetic separation which adds a cost of about a buck to a buck and a half a tonne. So there has been no metallurgical problems established with the ore at all. It upgrades to steel industry standards. Why iron ore at this time? Iron ore is the building block of economic expansion and it is as essential to third world economic growth as oil is. In other words if you are going to build infrastructure you are going to need steel. Steel requires iron. What are your thoughts about operating in Peru? Peru has recently been upgraded to investment grade; it is a democracy; it’s got a long history with mining; excellent banking system; excellent mining laws; excellent court system. To me it’s one of the top three countries in South America to operate in. How many other iron ore concessions does Cuervo Resources hold in Peru? What makes them attractive and what priority do they have at this stage? We have anothe
