monday summation..., page-18

Cman - this will give some idea of the grades

http://geokarnataka.blogspot.com/2007/04/iron-ore-resources-of-karnataka.html

CFR are looking to acquire tenements with haemetite I/O, which is obviously higher grade than NSL's magnetite and more cost effective to process.

If these type grades are confirmed via the geo report, we should see 6c, (being ultra conservative).

At 2.2c (mkt cap of only $35 mill approx.), a steal at this price and hence a multi bagger...