Ann: Positive Drilling Results at Goldsworthy Iro, page-16

re: Ann: Positive Drilling Results at Goldswo... Just had another look at the Goldsworthy announcement and noticed, in a page 4 anomalies drawing that 4 more diamond core drills are proposed - 2 for each target.

As said before with magnetite deposits, it's all about Location and possible Infrastructure, which are exceptional for BMY.
Non-Beneficated ore Fe grades are more than acceptable.
Next step - Tonnages - more drilling needed to at least get a non-JORC conceptual magnetite etimate and possible detrital DSO mineralisation.
Further drilling programmes were not timetabled in the written part of the announcement.
With the way Iron ore prices are heading (predicted 20 to 50% increase for 2010/11)you would think that further investigation would take priority.

IMO management may have a rough idea on the Bootu Creek assay quality and are finding it hard to make a guidance decision.
Tough decision, but a good one to have.