Try and think logically. BHP (The Big Australian) at the time was the first miner to find iron ore in the Pilbara. They found it at Mount Goldsworthy. Why would they not do all their seismic, gravity and magnetic surveys to determine if an orebody/hematite was there? It was less than 2 kms away? But they did whatever surveys along strike and happen to find Nimingarra and Yandi wihch was some 70-100kms away from Mount Goldsworthy. BHP would have surveyed all of the area along strike all the way to Yandi. Only logical. Do you think they just drilled holes back in the 1950's and 60"s and hoped for the best? LOL
PS: Averaging down on a penny stock can hurt more than you know. The smart traders and investors just passed the baton. Let's see over coming months what happens. i can't wait.
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