Ann: Mt Forrest Iron Project Update , page-9

I see what you are saying Pony, but in reality, thin/interupted slithers of Ore amongst the basalt/waste is very average.

You really want some decent widths here.

I was heavily invested in a company called Polaris metals (now taken over by Mineral resources), now luckily they hit some very good widths/grades/depths on the Carina project and turned out 40mt odd at 59%fe.....but on one of there targets it was very similar to what mindax seem to have here, and basically they just wrote it off after the initial drill program. The type of ore and geology they are encounting here is really pretty poor IMO.

The buy depth and lack of upward drive in the shareprice at a time when all other IO juniors were cranking tells the story IMO.

cheers,