419mt minimum 59.9 percent grades mkt cap 15m

OMG - CNF

Check out announcement just out

http://www.asx.com.au/asxpdf/20070914/pdf/314k5w0v0kxn57.pdf


"""419 million tonnes down to a vertical depth of 200 metres for the Main and Lower magnetite layers. The Main magnetite layer which has a significantly higher magnetite content than the Lower layer averaged 5.8 metres in thickness with a magnetic fraction averaging 73.5% containing 59.9% magnetite, 1.7% Vanadium Pentoxide and 11.9% Titanium Dioxide. An additional magnetite layer (Upper layer) approximately 300m to the north-east of the Main layer remains to be drill tested.""""



Guys, what we have here is maybe the only ironore company that is yet to be discovered!!


They are young, so most don't yet know, but this is an Aurox or bigger all over again


Also from announcement:

"With an expedited drilling program, Continental aims to delineate a target mineralisation of between 100M and 125M tonnes of 55-60% magnetite containing an average of between 1.3% to 1.7 % V205 and 10% to 13% TiO2"


Share Price and mkt cap by end of year will exceed $1!!!!


At the moment it is penuts


Excellent mngmt - Peter Landua; Richard Napier