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19,648 Posts.
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15/02/12
11:23
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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.
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