Ann: First drill results from Guinea Iron Project, page-4

re: Ann: First drill results from Guinea Iron... My first impression: Grades lower than expected, thickness higher than expected. Wouldn't want to draw too many conclusions based on ten boreholes, though.

Grades a bit disappointing, as far as I know not DSO grade (correct me if I'm wrong) so far, but we are very early in the piece.

I calculated the weighted average grade from these ten boreholes at 52%, and the average thickness at 2.75m. Assuming a density of 4t/m3, one km2 at average thickness 2.75m would contain 11 million t of ore, but DYOR. Comments anyone?