iron ore resource estimate in nigeria, page-26

The comment from the Co Sec, who got back to me after confirming with management if the EIO tenements are the same as BlackFires, was "no, different package".

I still have message saved on my phone if you want to call me and I can play it for you. But I know you dont like using the phone. Do you live in Syndey, maybe the CEO can come out and see you directly. Maybe have your lawyer ready so he can prepare an affidavit for you.

Let's just say for a minute they are exactly the same. As others have pointed out, plenty of mines have become a success where others have failed. Pre GFC (which was in also in 2008 by the way), I held a coal company called Resource Pacific (RSP). They were pillaried by posters like you for taking over an abandoned coal mine in the Hunter Valley. The same fella that ran RSP worked in management for the previous operator. He knew the value in the place and after 2 years turned our $1 investment into $3.40 when Xstrata took them over (before the operation even ramped up to anywhere near full capacity).

It's one of my greatest regrets that it was taken-over, I can only imagine it's value today. And so it will be one of yours if EIO manages the same thing. As they saying goes, it pays to keep an open mind.