Most of the drilling is to prove up reliable ore quantities....

Most of the drilling is to prove up reliable ore quantities. Take a look at the step out drilling, the depth and grades. it may be a while before they are included in the final quantities. Don't take my word for it, go look closely at FMS drill reports. The real question is what will be the final tonnage of iron ore. Rio's largest iron ore mine produces about one tenth of FMS' stated reserves. If you allow for a much lower ore production and take into account the ore not included (the step out drilling) then you get the picture. Don't take my word for it. Check RIO's production numbers and look at the FMS's drilling step out cores. The real problem is rail access and the time to get to the High Court of Australia for a decision to force the majors to give reasonable access to rail. Before using this information do your own checking, the information is all there.