Those kind of grade over large intersections are very positive. Though they need to be backed up with similar results surrounding these promising intersections to prove up a resource worth mining (upwards of 1 billion tonne resource would be ideal).
The most positive thing is that it further proves the potential of the land FMG presides over in the Pilbara (which is more than Rio and BHP combined from memory). There are surely other tier 1 deposits that are yet to be discovered which will support this company in decades to come.
From memory that is the structure FMG always uses for its quarterly reports (exploration results last) so not sure what you expected to be honest.
production report, page-12
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