Hi (joeborgo)A couple of other items from the...

Hi (joeborgo)

A couple of other items from the announcement.

Company said,First ore about to be shipped?
Only have 1500 tonnes at the port.

Ore is seen below the leached topsoil across the lease.Top soil is all of 2 feet deep.

No systematic exploration including any drilling has been carried out in the prospect area.
They say the ore is open in the trial pits.I would expect it to be with the trial pits only being a few mts deep.

They NSL have a six week program of in depth technical due diligence process,mapping,surveys,drilling and assaying to determine whether there is even a project to proceed with.

The site has an 84,000 tonnes per annum production licence.
This amount of iron ore was granted based on historical exploration. What does that tell you about 200 million tonnes you think could be there IF it has the same ratio as the other sites.

Take a breath and look at how long some of the mining companies in the West of Australia have been working on projects,some for several years and still not come up with 200 million tonnes of DSO.
That is with visual,rock chips,trenching,aeromagnetic fly overs and drilling.

Regards
Westcott.