1560m tonne magnetite worth 400 million, page-6

"until then they will need to raise capital, something fats has never once admitted to because he like all of knows that as soon as the company tries to do so the price will go lowver"

Well GG there are a couple of alternative views to that suggestion.

First : if there is a resource identified at Canegrass in the range suggested then the very verification of that is going to produce a positive move in the share price.

Secondly: if the various mixtures and %s of mineral content is specified and those are "very good" or better then the positive effect on the sp could be very, very good.

Thirdly : if there is further upgrading of the level of the resource with additional areas on top of Block 1 and Block 5 then that too could see the sp climb.

The consequences of such positive upward moves in the sp lessens the negative effect that a cap raising may have.

But perhaps it may be that a cap raising as such will not be undertaken. Perhaps some joint venture will then be undertaken with another company to develop the whole resource.

All things are possible once things become clearer with test results and JORC