yes,16 holes from which 5 turned in significant intercepts (does that mean that 11 were duds - ah obviously drilled in the wrong spot). of the holes that turned in significant intercepts, the following outstanding results were noted
hole nos 6 1m at 35.4% iron hole nos 7 1m at 37.2% iron hole nos 12 5m at 37% iron
anyway, just looking at the numbers, it seems that the conceptual target in just one zone is up to 5bn tonnes - and from memory there are two zones - so how about 5x 3bn = 15bn - wow, now this is exciting
now, how about scratching the surface a little - and conceptualize that these zones could be nothing more than "feeder zones" from the the centre of the earth - and the core of the earth is IRON. there are two zones - the inner core and the outer core. the outer core (which would be the primary source of iron for these feeder zones) is nothing more than MOLTEN IRON. - hey, just sink a hole deep enough and extract the iron - and save on the cost of a blast furnace
people who knock this stock have no real idea of the meaning of "conceptualize"
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