att frantic..., page-2

Phatman

What does this have to do wth FMS? They do not have an average grade yet as no jorc. The average grade of drill results was 55% but highest grade results were too polluted to be economic. High LOI and phosphorus will result in much lower grade still. If you include DID results then I lol. With no doubt NOT DSO.

If it does turn out to be 58% (which I doubt, nowhere near it) then still nowhere near quality of ore being shipped out of the pilbara unless processed by massive cost processing so why would anyone want it? Still any CID needs processing and this deposit too deep, too polluted, too low grade to be viable unless prices increase which they will not by the time this deposit could be exploited according to IO forecasts.

Correct me if I am wrong if you wish, have been waiting for an reasonable ramp since FMS were .19c.