I may be of some asst; ISO hi grd FE203 contains a lower % of...

  1. 6,284 Posts.
    I may be of some asst; ISO hi grd FE203 contains a lower % of phosphorus than af few of the sample holes reported for jorc compliance.......this is not the set back that it may seem to be ,and is being errantly disseminated to some clients by there advisors.......as was evidenced to me thru another holder after the earlier report..(brokers are not necessarily geophysical experts by nature) .....I was as perplexed as you considering the significance of the find /with an undrstanding of whats really left to be considered super hi gde by todays reserves and stds...... so I rang Mr Gerald Anderson (md cxm) this morning ,,and had a 20 question chat.. Rest assured there is no real problem with the ore reserves when you understand the aggregation contingencies that are and have been part of the business plan all along .....The very high gd magnetite and hematite reserves that the company ownswill be used in the ideal mix..Remember the 2 main chinese based share holders are still extremely keen for our red dust.. every thing from rail heads /rolling stock/ ship loading facility up grades/road tpt h.r. etc. etc. are on track for the dirt to go c.o.d. china...within 20mths or so.....Its more a 'its not on the radar yet' than anything else....Im accumulating / considering it from a top 20 s.h.perspective......its a good thing ......hang in and enjoy the smooth ride.....
 
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