iron ore grading higher than nsl, page-15

BB, yes you are right.

Sparkler did a calculation last week, based on 200M Tonnes, the sp would be valued at 21.5c (approx.) and....

if we are really ultra conservative at 50M Tonnes equates to a sp 5-5.5c......

and what's the current sp, 2.4c, a no brainer !!! -
a 2-3 to 10 bagger potential initially..........

No doubt when drilling is undertaken, they will prove up at least 500M - 700M tonnes (as was the case with NSL) =

60c sp (approx.)

But wait, did someone say that CFR could potentially have
7 x times more acreage than NSL ?

However the beauty here too is (and as you have alluded to) the grades will be far superior than NSL.

Haemitite I/O (which CFR are acquiring with these tenements) is more high grade and cost less to process and produce.