Ann: Strong first Exploration Results with assays up to 63% Fe, page-9

Great start. Blackcat has been telling everyone that the Canga has serious potential. This could be hundreds of milllions of tonnes. The management are going at full tilt. Drilling, port and rail going to hit the ground running. This is going to be a mine imo. The geology is coming in. Don’t forget that this is just the start. They could easily end up with thick intersections in coming weeks. The company has now proven 60% plus over multiple hits. That grade is more valuable than FMG’s. I like what I see. Sellers will loose their stock into a growing company as this moves forward imo. I can see AMD with a resource target and potential JV partner in hand this year at this rate. Dyor