capital raising, page-26

From the announcement 23rd December 2011

Based on the surface geometry of the Cockatoo Island ore body, a conceptual underground exploration target in the range of 60 to 120 million tonnes may exist. This assumes that the width and depth of mineralisation intersected remains constant over the strike length of the Seawall Hematite intersected and mined in Stages 1 to 3 at Cockatoo Island.
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They could do a cutback of the highwall, lower the angle and allow access to more ore from the existing pit..

Some of the worlds best ore.. they will get it out.

Check page 9 of the Friday 4th November, 2011 AGM presentation.. it shows historic drilling.








Plus 19 Mt of >20% lower grade/ upgradable ore .


I gotta feeling...

Cheers ...