MDX 4.44% 4.7¢ mindax limited

iron ore resource estimate, page-6

  1. 33,862 Posts.
    lightbulb Created with Sketch. 1824
    you guys are behind the 8 ball. There are drill results check announcement by MDX on 20/8
    "gold targeted drilling has intersected individual hematite-magnetite units to 50M thickness

    further on in the report
    " iron formations at MT Forrest extend over 17kms and the ironstone suite varies up to 2km in width Mt Mason type targets have surface dimensions of 500M * 100 M in the areas of intensive faulting of siliceous iron formation

    My calculations (just dreaming)
    15000 M * 200 M * 30M * 3SG (specific gravity) =
    270Million tonnes
    Then look at the grades of rock chips between 60 and 71% Fe with low contaminants need I say more

    Go back to the 1960s and the Govt survey hit iron ore in the area I am told

    I cant get blood out of a stone but thats what it seems like you guys want
 
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