Ann: Drilling Starts at Jumbuck Gold Project, page-5

Fibber, you clearly have no history with this company. If the price of iron ore has stabilised it is at a level less than half the cost of production from W. Hill. The company's Fe assets (including the village) are worthless for at least the next 20 years .
The recent CR and the proceeds from the barge will be burned within 18 months (have a look at historical management costs on top of drilling costs). The only real asset of the company is the OGX shareholding (which used to belong entirely to TRF shareholders before being absorbed into the TYX morass). If you are investing in this company it is on the wing and a prayer hope they will find gold in the vast Alladin's cave..... excuse me while I fight back the tears of laughter.