Ann: Warramboo Stage 1 Drilling Update , page-5

Have you seen the latest announcements?

the testwork that IRD have undertaken looks real promising. Having very high iron grades and with low levels of impurities makes life alot easier. Looks like the grades come from through out the deposit and dont appear isolated numbers

The sections in the quarterly show consistent mineralisation down hole with higher grade zones highlited. These are spectaular intercepts if a lower grade cutoff was used (norm for mag is 10-15%). Would imagine these zone will be mined and treated as well.

Management team are focussed on the job at hand, are all mining people.

Interesting biggest shareholder is a resource fund.

Although early days I like this story and intend to hold.