Just to be sure that we are talking about the same stuff (reference 25 october 2010 announcement):
It's the BLACKSMITH area, comprising the next INFERRED RESOURCES: Ajax 68,5 Mt Blackjack 44,8 Mt Champion 100 Mt Delta 3 Mt Eagle 145 Mt Badger and Paragon 30 Mt
And seperately the Anvil tenement with 82 Mt Inferred resource
And INDICATED RESOURCES ( upgraded from inferred); Champion 54 Mt Delta 187 Mt Eagle 31 Mt
And this is the stuff it's all about, see the respective diagram in the announcement, it's all in the North-East part of the Blacksmith tenement and more or less all above the watertable and a high Fe% !! So relatively easily mineable and transportable as it is at the shortest distance, relatively shallow terrain to the RIO railway which is about 20 km to the northeast !
If I was a in the board of RIO.....
But unfortunately I'm not..
klmarc
FMS Price at posting:
19.0¢ Sentiment: ST Buy Disclosure: Held
