2010 - what is keeping your money in? , page-20

In a better mood this morning. Previous announcements have stated 2km (one said 3km) strike, with 500m width, and looks like 100m depth of resource. SG on iron ore is about 5. So, 2000 * 500*100*5 = 500mt. If 3km, 750mt.

The interesting thing however is the metallurgical work they have done which indicates the possibility for extraction of the titanum, vanadium and iron ore. Do the numbers on what a ton of material might be worth given the grades of the metals, and we start and get mobile telephone numbers with an extra digit, as in ground resource.

Also, they are talking strike length of 9km in a more recent announcment with a large other anomaly at the end of that road.

Who knows?

No doubt we are not far away from an upgrade for Mt peake.