a sellers market, page-8

Hi (kingrichard)

I think there is a lot more iron ore of marketable grade on the Railway tenement.
They have done very little drilling on that tenement,and BHP tenements run all along the North,South and East boundaries of it.The Southern boundary we know has a lot of iron ore running along BHP's tenement into UMC's Railway tenement.
We know Railway's Eastern boundary iron ore which is high grade Marra Mamba and Marra Mamba Detritals runs into the strip between Railway and Railway East and on into Railway East.
I think Railway tenement is worth a lot to BHP if they do not have to worry about boundaries with other miners such as UMC.

Regards
Westcott.