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Ann: Quarterly Activities Report , page-4

  1. n5435137
    1,908 Posts.
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    25/01/11
    15:31
    Post #: 7789188
    Thanks for that.

    So basically the results are that Iron Ore quality is probably good enough based on their earlier announcements.

    - But only economical to extract if they attain the 'tonnage potential' as described in the report.

    Also in the previous Qtr activity report they said target 31-37%.

    So in this report possibly only 30% (Because they said 50-70% silica / Jasper)??

    I wonder if this means they definately needed the 31-37% to make the project economical.

    Any thoughts King?
    AON Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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