canegrass magnetite project, midwest w.a., page-23

Interesting announcement by EMG (following up from the earlier post), just announced 10 minutes ago.....their "target".......

...."Key Points
 Emergent confirms “Target Mineralisation” of between 500-600Mt @ 25-30%Fe at
Beyondie Iron Project in WA’s Mid West Iron region
 Next phase of drilling to begin this month aiming to upgrade Beyondie’s target
mineralisation to 1Bt of continuing comparable grade Fe and increase JORC Resource
 Maiden JORC Inferred Resource of 127Mt @ 28.15%Fe recently confirmed at the project
just 11 months after ASX listing".....

(ps, I don't own EMG), they are trading at around 50c, not a lot of shares on issue, 7m about to come of escrow.

Magnetite has value if you get a chinese jv partner in on it, here's hoping FMS proceed down the same path.