I totally agree, I think this Magnetite deposit could have...

I totally agree, I think this Magnetite deposit could have similar Iron ore grades to WVL's. The real value is in the Vanadium in the ground, and the potential for PGE deposits.

The windimurra/Narndee complex is very similar to South Africa's Bushveld and Highveld complex, and These complex's are resposible for a massive portion of the worlds PGE and Vanadium resouces.

Vanadium is key in this resource, I am not phased by the Iron ore content in the magnetite! If the grades prove good, I will be very impressed, and this will be a massive company maker!

here is an interesting recent link, of the potential for vanadium.
http://www.earthtowallstreet.com/2008/06/future-has-arrived-vanadium-is-newest.html

Cheers.