I'd say, BID is the card that Big Kev would want to hold on for some time.
Firstly it has come as a big surprise as to their block actually had BID considering the focus all this time was on CID & DID.
The area's where this BID has been encountered will need to b thoroughly assessed b4 releasing JORC estimates.
For starters RIO's Hope Downs, Tom Price & Brockman mines are all BID whilst its Yandicoogina has CID.
The BID on Flinders acreage was hidden beneath the overburden so it wasn't picked up Dr Russell in his initial report, only drilling can pick this up as its different to the Pea shaped CID & DID & it stands out in texture, colour & mineralogy
For those who got stumped with this latest on BID, in simple words its loose iron sediments welded together by hyrdous iron oxide (referred to as Goethite), this gives about 60% Fe content.
IMO, FMS are onto a triple play now.
So, the March figures will b good, however IMO, will b incomplete as more drilling will confirm the extent of BID, so expect a revised JORC mid-year or later in the year.
cheers
I'd say, BID is the card that Big Kev would want to hold on for...
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