Ann: Wilcherry Hill Iron Ore Project Update , page-6

Yeh your right BBB, how can 3,000 containers be missed out of a feasibility study? They knew they had to get the ore to port one way or another, even if it was to go to Port Adelaide so seems a bit odd to me.

Definitely some spin in there, they mentioned the drilling program possibly 3-4 times. I don't think they understand we don't care about the 500-1,000m drilling programs that we've heard about 35 times lately which really add little to the project.

The port definitely sounds like its going to be the most capital intensive part of the project at the moment and the most restricted in terms of obtaining approvals. The one positive I would note is that the government provided a grant and are obviously keen to get this Lucky Bay option off the ground so I don't think they will hold up any approvals intentionally.

To me it seems like Ian & Co. just gave it a crack at the feasibility study last year with a 'near enough is good enough' approach, as if they'd simply read a 'hot-to' guide on feasibility studies off the web. Seems to me they've got their heads in the right place now, its just taken them almost 12 months.... If real progress isn't being made AND factuall released to market by years end i'll just stop following the stock. I'd probably retain my holding as an interest but i'd give up completely at management.