RHK
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5.17% 82.5¢ red hawk mining limited

showing its strenght, page-2

  1. Zia
    4,156 Posts.
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    02/11/09
    15:13
    Post #: 5863026
    Nice section of today's announcement...

    Use of funds

    The proceeds of the Rights Issue will be used to advance the Company’s wholly-owned Pilbara Iron Ore Project,
    including the following:

    .......

    • Subject to the outcome of the pre-feasibility study (due in mid-2010), the potential application of the balance of
    funds towards fast tracking mining of Direct Shipping High Grade Hematite Ore from its Delta deposit; and

    .......
    FMS Price at posting: 14.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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