What was the exploration target again? Sorry guys, say what you like, 6 cents, 10 cents, SDL etc etc but I just do not believe their target of 1 - 2 billion tonnes of magnetite iron ore is achievable.
Perhaps I will be proven wrong in coming days, weeks and months but it's always good to keep one eye open.
I have no doubt there is iron ore where they are drilling but 1 to 2 billion tonnes I believe is optimistic at best. As most of you are aware I have considerable doubts about this project.
Like I have said previously, I am just providing information and my thoughts based on that information.
For any newbies or prospective EIO shareholders a read of my post titled "iron ore project revisited" on 17 Feb 2011 is worth a read in my opinion.
:) Nic
Disclaimer: Disclaimer: This is not investment advice just my opinion from my own personal research. I do not endorse or take responsibility for material in the hyper-linked sites. I further do not place a price target.
EIO Price at posting:
44.0¢ Sentiment: Sell Disclosure: Not Held