Grants Iron Ore Basin, page-12

Guerilla,

With an in-ground value of ~$14+ billion, Havilah Management isn't just going to ignore 160 million tonnes of premium >63% Fe product forever.

It is a bit of a Lang Hancock long-term visionary proposition!

But at the present time, I think we all know the focus of Management's time must be on getting Kalkaroo, Mutooroo and North Portia into production ASAP.

But its time will come, with a little help from new technology and/or some 'friends' with deep pockets.


Talking of technology, a while back I came across this Maptek case study for its I-Site 8810 laser scanning systems to map pre-mining topography of Grants and Maldorky:

http://www.maptek.com/pdf/i-site/case_studies/Maptek_I-Site_Havilah_Resources_topo_survey.pdf

‘Precise topography scanning gives a very accurate pre-surface so you can design your mine properly from the start,’ said Havilah Resources then Chairman Bob Johnson.

‘Getting accurate survey data at the start of the design process can really save time later on. With an accurate surface, the volume of the orebody can be calculated. Knowing how much material has to be removed in overburden, and where to store it, is the key to good mine design,’ concluded Johnson.

The Maptek I-Site 8810 laser scanner for both Grants and Maldorky pre-mining topography mapping was mounted on a vehicle and remains there for the entire day’s scanning, withstanding temperatures in the 40°C range, dusty conditions and vibration.

At Grants, scanning was completed in about 4 hours with data captured over 6 million square metres.

The Maldorky lease, with fences and creek washouts, required 16 hours for scanning over 16 million square metres.

Cheers

These are only my random thoughts (but one to watch going forward) and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert