From Announcement 30-5-12
"Potential 500 to 800 million tonne magnetite target zone"
Page 1: "Fugro has been engaged to carry out further 2D and 3D modelling based on the data from the HELITEM survey"
Page 7: "Fugro are continuing with 2D and 3D modelling and preparation of a detailed report".
I am looking forward to this report.
Could well surprise even further on the upside.
This resource could be huge. The more I look at this, I think the 500-800mil target zone was a prelim conservative estimate.
Anyone else have thoughts on this?
Good work management.
fugro detailed report to come
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