Just thought i'd do a little breakdown for anyone who might not...

Just thought i'd do a little breakdown for anyone who might not understand. I apologise if any of my figures are incorrect. Please correct me if I am wrong.

Latin have an aim of 2 billion tons of mineralized sediments. 41% of this 2 billion tons is aimed at being magnetite (which gets processed into iron ore). 41% of 2 billion tons is 820 million tons of above average grade magnetite. That's not including the gold and rare earths. Plus this is just ONE of our projects.

Indo Mines who are similar to us, their JORC that came out in 2006 was 605 million tons of magnetite, but not even half of that was above the 9% Fe cut off. Rest was low grade. All of Latin's magnetite should be above average grade.

Now just have to wait for the JORC in November to confirm this and then the scoping study in December to determine economic value.

After that it will be interesting to see what opportunities present.