Morgans research, page-2

I got a few good "take aways" from this research......

Firstly, just the fact that we have confirmation of Morgans, a reputable broker, being on the case - cant wait to see what they have to say once they are able to analyse more detailed data after the feasibility is complete.

Secondly - Wow ! How good is that Xray sorter ? - the old system of Photometric increased plant feed grade by a factor of 3 to 4 but the Xray increases it by a conservative 10 or, under test conditions, up to 28 times.

Thirdly, is the analysts continual reference in the last paragraph as to how LOW the projects RISK is.

Lastly, is the often referred to potential contribution of tungsten from scheelite ore. The Dec 2013 official JORC resource document refers to a mix of about 80% wolframite and 20% scheelite. This research refers to the difficulty in identifying historial scheelite ore (only visible under black light) and states "...that it may not have been liberated effectively....".It goes on to refer to the Iron Duke as having a grade of 0.32% and Petersons Lode at 0.60% (both these grades and much higher than the official JORC grade of 0.11% to 0.14%). If the feasibility proves significant quantities at these higher grades, they could potentially have a resource with economic grades in excess of all their peers.