Warnie I agree.Their highest rock chip sample is 54.80 Fe and the rest are in the 30's-40's.I think the point they were making is just how hot Iron Ore is currently.Any announcement in regards to it seems to put a rocket up the SP.Imagine what RSL would do if they announced something in regards to there NT leases in regards to Iron Ore.Daly River (ELA 24391) lease has an estimated resource of 126mt of Iron Ore (estimated from 1967-1968 drilling programme) with extensive boulders and outcrops and Hayes Creek South
has an iron rich bed which was traced over 9.65 km in 1969 with rock chips up to 57.3% Fe and 37.1% Mg, with up to 15 g/t Au.....RSL is very under the radar at the minute !!
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some real research not speculation, page-11
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