positive report, page-31

There could easily be over 1BT of 40% Fe cutoff. It all depends on what the cutoff grades are, these can be Fe only or Fe plus impurities.

I think FMS are working on a >50% Fe cutoff, which could well end up with > 500MT of ore. If we're lucky, there could be this much of >55% Fe.

If we're really lucky, there might be 100MT of 60% Fe with low impurities in the one shallow area. This would be quite desirable for a cheap startup operation for gate sales to RIO or FMG. Like I said though, we will have to be lucky.

So the question is, do you feel lucky?