Ann: Agbaja Iron Ore Exploration Project Update , page-19

re: Ann: Agbaja Iron Ore Exploration Project ... Good point, but regardless, hitting ore at a 10-40m depth (after just 10m overburden from surface) over a 140km sq area is substantial. If that grade holds up at 48-53%, plus some haematite, will make the next few months (and the Q2/12 JORC) very interesting.

Ore prices seem to have stabilised after hitting a low of US$116.90 on 28 Oct. Price at US$122.90 as at 4 Nov.

http://www.bloomberg.com/apps/quote?ticker=TSIPIO62:IND