Ann: Quarterly Activities Report , page-5

Interesting announcement. More for what is does not say, the is no mention of intersecting large widths of magnetite, jasper is not magnetite its basically a silica mineral similar to chert. So if I read this correctly there is not a lot of iron bearing magnetite in zone A.It will be interesting to see the iron assays.

Reinforces my view that there are high silica concentrations in this deposit.

Numbers, the economics will depend on how much beneficiation is required to produce a salable concentrate with the lowest level of impurities. In the case of Mt Oscar i suspect lots of grinding and flotation required to clean up the concentrate. A head grade of 35 or 37 or 40% Fe does not automatically make it economic.