worth 15 to 20c, page-31

  1. 17,319 Posts.
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    yeah i thought it was actually $60 mill for 25% of the 200mt which I thought was a good deal.

    100% of 200mt at 60% fe for $60 mill....bugger me.....where do i sign.

    PS....does anyone else notice that when the company ever mentions 200mt at 60% fe it is also followed by the tagline......"or equivalent thereof"

    Thats kind of the dead giveaway that it will be larger than 200mt but at lower grades especailly considering the rock grades were moe like 40-45% fe.

    Just thought I would alert others to this.

    Another point......the site is 350 Acres.......yet Austind are now looking at over 100 Acres.....maybe the resource extends further than first thought......all just a guess at this stage.

 
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