I'm afraid my knowledge of Fe is limited, however you would imagine its proximity to the Djibitgun deposit would enhance any feasability to mine. Time will tell if the sp will become more enticing for the rights issue to be worthwhile.
Some good line in that announcement confirming TNG's direction i.e. waiting for metalurgy of Sandy Creek/Djibitgun before planning further drilling, while in the meantime testing a few other anomalies. A win in the courts would give that real cash injection needed to get this project moving along.
Interesting times ahead.
Ken
TNG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
