Johno - I think the announcement is missing because it came out during the week hotcopper was in 'new' mode - so it was there on the new site but hasn't been moved back to the old site (no posts that occurred while the new site was active are on the old site, including announcements I think).
I agree that this could be just the beginning. If the widths are confirmed by the next drill hole which has been angled in from the other direction to give a clear picture (90m plus width is what they have currently speculating - depths already we know its down to 200m from 15m below surface) then its looking to be a very large surface deposit. They've already stated that its hematite, if the grades are DSO, and there's no need for a beneficiation plant, then the development capex story is a very different picture to magnetite.
There is shared rail and port infrastructure nearby (60km) - not like the WA hopefuls bringing court cases against majors to try to get access to their rail lines or having to figure our how to fund the billion dollar price tags of their own rail lines across vast distances.
Thus this could be a very profitable project - and with the majors located nearby and deals being done by other companies to get into labrador trough I thinks it is safe to say that they will be well aware of what has been going on with this one.
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