Ann: Strong Start to Drilling at Simandou North, page-14

Dont worry about negative people mate.. They dont understand this company imo.
On closer reading of those holes, they are good.

My interpretation is - (I am not a geo) The first hole (6) is hydrothermal based. That tells us the project has the right geological dynamics for enriched material.
Hole number 7 starts at the surface down to 42m. It has Hematite content that varies between 60-90% Fe iron oxide. That was a combined hole containing about 24m of Fe oxide from the surface. That means about half the hole has iron oxide. Ill take that for a start.
Hole 8 starts at the surface down to 13.5m containing a total of 9.4m of iron running 90% Iron Oxide. That looks like a good hole to me.
Hole 9 running from the surface to 3m is going 90%.
If we figure that he has drilled 1% of the entire 40km of strike, then these holes sound like they are 100m apart. (1% is 400m with 4 holes drilled)
The key is the grade. Given a lot of these holes are running 90% Iron oxide, i would have thought the grade has a real shot. Time will tell.
Flanno is saying that it is a strong start. Sounds like it. Let me know if i have screwed up here anywhere. dyor