This basically was a known. 7.2B tonnes based on half the available area. It removes the need to drill but it doesn't. It still does not address the real problem. How does a 10 million dollar company get to fund a 15B USD without giving it away? 2B USD is giving it away. Noice but with free carry there is 20B USD for CLE over the course of the mine life.
We still have to get (1) a JV partner, (2) a great funding deal, (3) Rail access, (4) power supply, (5) Port access, and (6) permits.
A seventh need is to be able to recover all the FE content including the hematite.
The immediate need is for EUR to rocket so that we are cashed up. The other immediate need is to get rid of the Winance block on share price.
Ann: Significant Mineral Resource Upgrade for Project Iron Bear, page-2
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