re: 5th gorilla stock/new land Nice 20% in weeks - better then...

re: 5th gorilla stock/new land Nice 20% in weeks - better then BHP.

Sydney - Wednesday - April 5: (RWE Australian Business News) -
Midwest Corporation Ltd (ASX code: MIS) says it has reached agreement in
principle with the Wajarri Yamatji Native Title Claim Group in one of
the most significant exploration land access agreements in Australia.
"The agreement, which will give a significant boost to the
developing iron ore industry of the Mid West region of Western
Australia, is among the most comprehensive exploration agreement
packages ever reached.
"Most importantly it addresses the concerns and considerations
of Wajarri people to ensure the highest level of protection for their
country," directors said.
The in-principle agreement covers exploration for iron ore in
the Weld Ranges, located 65 kilometres southwest of Meekatharra and 50
kilometres northwest of Cue in WA, and comprising a series of hills
about 60 kilometres long and 3 kilometres wide.
Made up of parallel ridges of banded iron formation, Midwest's
tenements currently contain a JORC-compliant resource of some 132.1
million tones of iron ore at a grade of 55.6 per cent Fe.
Grades of up to 65 per cent iron have been recorded.
Midwest shares rose 1c to 58.5c this morning.