Let me dream please.
Grants Iron Ore has a JORC of 304m Tonnes at 24% Fe
If the suggestion that the XRF machine gives a 10-20% smaller reading is correct then these new drill holes have very similar % of Fe to Grants.
You can fit 4 Grants into the new drilled area, maybe 5. (my estimate)
4 x 304m tonnes = 1.2billion tonnes
1.2 Billion + 304mill + 147mil (Maldorky) = 1.65bill tonnes Fe
You would think that more than just MR Gupta would be interested in this.
Oh, I just woke up. That was a nice dream. I wonder if it will come true.
Cheers
Justhavinago
Ann: Grants Iron Ore Basin Drilling Commencing Soon, page-24
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