what they have is 35mt at average grade that is uneconomic
800mt is a target ... and that's all it is
They have no cash and a drilling program comming up
Expect a cap raising IMO and a drop in the SP from there
Whats the SP? 81c ... lol
As I previously said MC on FDL is pointless without a JORC defined resource ... understand
Anyway I couldn't care less what happens to this ... it's gunna cost them a fortune to get this up and running ... where's the $ comming from ....
Much better opportunities locally
Goodluck
15 to 25 bagger hemitite fe producer by 2010, page-21
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