EIO 3.57% 29.0¢ energio limited

Hi allI mentioned to someone today that analyses resources...

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    Hi all

    I mentioned to someone today that analyses resources stocks for a living that EIO seem to be expecting grades of at least 58% when the met results are released.

    My initial comment to him was that if it was in fact 58% that it would be at the lower end of the 58-62% range and that would be seen as a negative.

    He told me that it of course depends on the inpurities, but at 58% that is similar to Fortescue.. and of course that is not a bad thing at all.

    So I did a quick google search and this link is FMG's Reserves and Resources Report as at 30 June last year.

    If you have a look you can see that he is right.

 
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