director hogan buys today, page-49

Hi ohyeah76

Do you remember a few weeks back when I was being a pest on here and saying about the first lot of drilling.From April to October 2007.

I was rubbished by so many for talking about late drill results and the CID and Detritals.

Could sure do with all those drill results now DSO and Detritals.

20,000Mt's of reverse circulation & diamond core drilling done in 7 months.Announced in July 2008 110 Mt of iron ore..

April 8th 2008 to June 30th 2008 15,026mts completed Railway East & Jumbo Junction.With four drill rigs drilling full time.
Yandi Headwaters potential for near surface CID discovery.

September Quarter 2008 funding -include third party Equity and/or joint venture.
At that time we only had 111.3 Mt of iron ore.

November 3rd 2008.Railway East Prospect-Significant intersection Heralds New Discovery.Detritals of 50 to 55%Fe some 1.5kls long by 400mts wide.Bedrock 51.4 to 60 5%Fe.

By February 2009 it jumped to 122.36 Mt.
Target Potential of 200 to 300 Mt identified additional to Railway.
Commence drilling in March to explore targets and to establish a measured resource at Railway Deposit.

March 26th 2009 Start drilling at regional exploration targets that include outcropping Brockman iron at Fork North,concealed Detrital targets at Railway East and Fork North and concealed Marra Mamba targets at Railway East,Coodawanna Flats & Mt Robinson.

Seven months for 110 million tonnes and two years later just over 150 Mts.

Who is pulling whose.

Regards
Westcott.