Ann: SCN: Iron Ore Targets Advanced & Drilling Expedited-Fenix JV, page-6

"Historic interpretation of 50m line spaced helimag covering Iron Ridge Extension identifies hematite iron targets"

Extending the LOM is obviously management's aim and rightly so. IMO the market is hardly pricing in any significant increase in resource, of which we should be expecting half decent improvements through the Scorpion deal and likely through another acquisition down the line.

Add dividends, which are almost a certainty at this point (see Rob Brierley's exercising of options), still plenty of room to run.