One thing that bothers me is the shape of the orebody. Iron ore is high bulk, low value, and it isnt economic to mine underground. There is certain availability of ore for open cut, but as a percentage? Not downramping-if it was more opencut accessible the SP would be a lot higher, because with four anomalies one only drilled there could be another billion ton deposit here. Im only looking from the outside- not a miner. How do they propose to get it out and what are the costs?
CAP Price at posting:
10.4¢ Sentiment: Buy Disclosure: Held
