article by high grade, page-3

Anyways current market cap is about $20M

with anywhere from 10-15% iron from 2 billion tonnes of sediment we have about 200-300M tonnes of magnetite at $220 per tonne...you can do the math.

Big upside to the SP if drill results and JORC come good this september :)

Drilling results for all three recent sites should be out soon. exciting times!