More media attention, page-16

I’ve been put off by the media reporting FMSI/O at 52% Fe.

So, went back and checked anns. (off course preTio)

Most recent 3/12/2014

PIOP Mineral Resource increase to more than 1 Billion Tonnes

It’s reported we have 1,040Bnt @55.6% Fe. Using +50%cut off.

Annns 28/11/2014

	SHAPE \* MERGEFORMAT	High Grade BID Mineralisation intersected at Blackjack

Hasresults ofBlackjack Tenement

7 drill holes for total 5,926m of Fe from surface. No cost in removing overburden (thereisn’t any.(This type of deposit was sought by FMG when the i/O price dropped. Theyhave some. )

7 holes grade ranges from 58.31 to 63.63% Fe.

No 52% Fe.

Blackjack looks like a nice deposit to start mining and gettop price.

Responsible person Dr G McDonald.

Current bod lowered the cut off to 40% that is including lowergrade material in there calculations (more rubbish)

Which increased the Tonnage and reduced the grade?

Wonder what grade ore was promoted in HK.

To get 52%Fe I gather they have to blend it and we know thatcost money for a lessor return.

I leave it to SH to gather why it was done.

AT the 2018 AGM someone was very confident that smaller SHwouldn’t be around for the 2019 AGM

SH can have an EGM without a 249d

Well not my fault.

FMS has a “world class deposit” and don’t let anyone sayotherwise.

GLTA