Interesting announcement by EMG (following up from the earlier post), just announced 10 minutes ago.....their "target".......
...."Key Points
Emergent confirms “Target Mineralisation” of between 500-600Mt @ 25-30%Fe at
Beyondie Iron Project in WA’s Mid West Iron region
Next phase of drilling to begin this month aiming to upgrade Beyondie’s target
mineralisation to 1Bt of continuing comparable grade Fe and increase JORC Resource
Maiden JORC Inferred Resource of 127Mt @ 28.15%Fe recently confirmed at the project
just 11 months after ASX listing".....
(ps, I don't own EMG), they are trading at around 50c, not a lot of shares on issue, 7m about to come of escrow.
Magnetite has value if you get a chinese jv partner in on it, here's hoping FMS proceed down the same path.
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