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mt forrest jorc of 1 billion tonnes

  1. SaintCat
    7,400 Posts.
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    12/10/10
    09:33
    Post #: 7313944
    260% increase in magnetite JORC resource to 1.01 billion tonnes but the DSO resource upgraded to 4.5MT at 54.3%Fe. The DSO resource has been impacted by limited depths of 25m or less and a decrease in density.

    A drill program of 14,500m is set to commence late in October to increase the resource size.

    I wonder how the market will react, Mt Forrest is developing into a large magnetite resource but the DSO resource is a bit disappointing.
    MDX Price at posting: 46.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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