Great announcement again.
Just to go over Telecom Hill again.
My understanding it is about 12-15 kilomtres in length and up to 1 km wide.
They have drilled four successful holes over about 150m all in one line (see Telecom Hill cross section). From these four drill holes they got DSO grade Hematite iron ore.
I can't see why it won't continue the entire length of the 12-15 kilometres, just at Telecom Hill.
My guestimate for Hematite iron ore is 150 - 240 million tonnes. We wait until mid January 2010 - not long to go.
This is a no-brainer to make money, massive upside.
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hematite here we come, page-6
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