maiden jorc resource, page-29

Word is they are getting broker attention since JORC announcment release last month.

Maiden JORC-compliant resource of 230.6 Million tonnes (Mt) at 44.52% Fe.

An exploration target has been set of between 300 million and 350 million tonnes at a range of between 40% and 44% Fe.

Grade improvement announced at the time was totally ignored imo.

Now with new brokers doing their research and client reccommendations, I am not surpried that the depth looks the way it does.

Still think their neighbour (Vale) will take these guys over so as to accommodate a larger pit design on their own project.