Area E represents about 17% of the total estimated iron ore in E47/1306. (65 / 390 Million Tonnes)
But if you looked at the map, Area E is properly "look" larger than any of the other 4 areas. That means we should expect the thinkness of Area E smaller than, for example Area C, which they estimated to have 123.5 million tonnes of iron ore.
I think FMS drilled Area E first because, for obious reason, it's the extension of FMG's Serenity resource.
This is only the begining, I think we'll get some good results down the track, hope I'm right, I'll take a position at these "low" level, if it goes down more, well, I'll have to see how deep my pocket is.
I'm no expert, but Dr. Richard Russell is.
Cheers and Good luck all holders.
FMS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
