bigger and better - surely this is the year

From the 5 Dec 11 announcement on Mt Dempster:

"Based on the geological setting within the 6km x 2km drilling area, an exploration target of more than 2 billion tonnes is estimated"

From the announcement today the estimate is now 3 to 4 billion tonnes (29-32pct Fe). You would have to think that even in a firesale take over that this kind of resource would be worth lots of dollars a share.

Up to a doubling of the (potential) resource. That is great! Only 10km from existing infrastructure. The IOH story is hotting up again and let's just hope that the excellent work of management thus far will reap us all great results.

Let us also hope that the 300k of options due later this year are in the money in the high $2's (or better?)....