Ann: Positive new drill results at Jungle Dam SA , page-3

re: Ann: Positive new drill results at Jungle... Agree it reads fairly well.

From my take of reading the announcement it looks like they really need to find a decent amount of DSO to make accessing the magnetite a viable option, if this cant be done I just cant see anything happening here.

Comparing this to other IO hopefuls a lot seem to have magnetite much closer to the surface and are targeting much higher tonnages, which is why I think the market has largely ignored the IO potential of Investigator. The wording of the announcement also makes me think they may not produce a resource statement.

My concern in the short term are twofold. Ongoing funding and knowing Talbot group wants to liquidate their holdings in ASX listed companies. I would be very reluctant to buy in until there is more clarity on these two fronts.