Announcement means:
1. the resource could potentially get bigger on something that potentially may not be developed by them in this current market
2. that now money spent on this drilling campaign will decrease it's remaining cash reserves and put a strain on the ability to raise more money and survive?
Does any potential increase in the resource make the project more attractive?
Iron ore in the ground is of no benefit it you can't get it out of the ground and to someone who's willing to buy.
announcement out, page-14
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