You seem to be forgetting that TLM are, for some strange reason, only reporting > 50% Fe intersections. If you look at companies like AGO (avg Fe 38%), ARH (23%), GBG (37%) etc etc their calculating their resources at percentages well below 50. BRM's 'fantastic' 1.3 billion tonne resource upgrade or whatever it was ended up being based on much lower Fe grades than their original 50%++ resource. I'd really like to know what TLM's would be if they included even their 40-50% intercepts.
wonmunna iron project drilling update, page-17
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