Thanks garggs I was just thinking if they might have been talking 5 billion of of metal which would mean the deposit of iron ore would have to be north of say 8 billion tonnes given the grade is between 48% and 54% approx. This would certainly back up his share price of $3 or $5 if the grade was better than thought . I would like a Chinese / Korean or Japanese steel mill to take and interest in EIO as a posed to Hanlong. They seemed to have made life very hard for SDL . They really need a investor/buyer who has the expertise to operate the current mills for the Nigerian government then every one would be happy
EIO Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
