beerzy,im not saying that they dont have any iron in the ground,...

beerzy,

im not saying that they dont have any iron in the ground, just that it will be a hell of a long time before that "target" is JORCed.

They dont even have the drills yet. And to get to a target of 300mt will take a hell of a lot of drilling.

In 6 months time the might have a 50mt jorced but even then that is pushing it.

What i am saying is that there are co's in the same area with multiple projects that are a hell of a lot cheaper than FDL at the moment