iron ore discovery extension, page-45

One could say that this report was a good report without being earth shattering. At least as one other poster has indicated it is proving that the resource of both hematite and magnetite could be reasonably extensive.
Another point to consider is that when the report mentions iron discovered at say a depth of 60 m, it could well mean that the ore is only 40-45m below the surface after you take into consideration the angle they are drilling at.
I have been quite surprised at the response of the market today, perhaps this report will be better received and reflected in the sp over the next few days. One can only hope.