For the Iron Ore there is no way they can confirm a total resource for this next report. It can only be inferred at best.
I'll be looking for tonnes/sqkm, grades, ore type, depths, transport proximity, lease updates etc
Am sticking with the 400million inferred total - based only on the information that has already been collected from neighboring areas. Even if the report came up with a 100million tonne inferred total for the 10sqkm - it will still add substantial value imo and lower the regions averages for future calculations.
CFR Price at posting:
0.0¢ Sentiment: None Disclosure: Held