Why did Rio & BHP drop the iron ore tenements picked up by FMG?
Its likely that ConsMins only retained its licence over the outcrop resource which is a where it drilled holes and formulated a resource. Some of the Flanagan Bore holes are 50 metres intercepts and if the same holds on the adjacent Panther tenements then looks like there will be a lot of mangenese tonnes too.
Consmin, E25, FRB, BCA have the whole manganese field locked up, will be interesting to see how it unfolds.
BCA Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
