Ann: Market Update - Completion of Initial Geophy, page-61

re: Ann: Market Update - Completion of Initia... Thanks for the link barrabob, good to get back to some fundamentals.

"Significantly for investors, there is a 1-2 billion tonne exploration target iron ore resource grading 40-54% iron (Fe) at Energio's leases. There is also potential for higer grade DSO mineralisation."

Interestingly, 40% is now being quoted as the base here. The Nigerian govt report mentioned an avg grade of 47%. This, I am told is a weird/unique %, sort of half way between magneitite and hematite.