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2.50% 82.0¢ red hawk mining limited

is there ore in the ground, page-6

  1. Frantic
    3,972 Posts.
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    10/09/08
    15:46
    Post #: 4250959


    I would say for sure there is iron ore in the ground.

    However the question is will it be economic to actually mine. Here there are a lot of doubts. Low grade, high impurity suggested by the few results so far. So not much to be excited about at all on results so far. Loads of low quality ore in that region.

    Especially given that iron ore sector being re-rated down, the lessers will never recover.

    You could gamble on them finding something totally unexpected, but that is perosnal choice.


    FMS Price at posting: 9.8¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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