figure 5 is interesting, it shows up to about 80% magnetite...

figure 5 is interesting, it shows up to about 80% magnetite around the 400m depth with two sections of 50m with 30% to 40% vol magnetite. And no data yet through for the zone between about 240m to 320m and 190m of magnetite showing up with two 50m sections with very commercial grade mag'.
And this is just from 1 hole in block one of five blocks plus the slopes which is where a lot of sedimentary iron could be contained.
I think the estimates of 1.7b to 3bn are conservative. Very conservative.
And this first result of the current drilling program shows commercial grades and a high potential for an economic feasibility to come up with the goods.
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