Importantly, CFR confirmed they are expecting haematite iron ore to feature in their report with average grades around 60%. Potential reserves will be announced and he agreed their expectations on volumes are high which is typical and inline with Karnataka's reputation as having the largest reserves and grades in India!
CFR did emphasize that NSL and CFR proposed iron ore leases are distinctively different with regards to grades and volumes.
They never confirmed anything apart from what is already publicly know therefore a blatent attempt to ramp this stock up and mislead the uninitiated.
I intend to trade this stock so therefore have an interest in it. They may well annouce they've found the mother load but and it's only a but they may not. I know that type of thinking to most here is unacceptable but it could be a reality. If you want to bury your head in the sand to any different opinion other than the people with a vested interest then more fool you.
CFR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
