pinyalling iron ore - avg 59% fe

Interesting. Watching but not holding as yet. Recent listing on ASX. Averaged around 59% FE. No mention of P levels.

ROY - 41,025,342
ROYO - 20,120,000 - 20c EX by 11 NOV 2007
ROYOA - 23,915,000 - 20c ex by 29 JUL 2009

ROY - CAP $10,666,588
ROY - CAP $22,115,688 Diluted

Not sure if any shares in escrow?

ROYOA seems the go for the long term if you can get them at a good price and less than ROYO.

Anyone have any thoughts with the FE levels. I think if the FE was min 62% price should have doubled. Lower grade FE so far. Looks as though more drilling to come. Gold projects.