...resource uprade..., page-7

Railway is just the start, but I'm expecting the tonnage there to increase a bit when it moves to indicated stage, ie when we get a better idea of the folding section of the orebody and redrill those holes that finished in high grade.

Then we have Railway East, Jumbo & Yandi.

Also I just went back and had a look at the announcement dated 19/12/06 and worked out the average grade of the rockchips at Fork Nth and Sthn Flank.

Southern Flank(Marra Mamba)
FE 61.55%
Phos .045%
S 3.05%
Al 1.28%
LOI 7.27%

Fork North(Brockman)
FE 62.6%
Phos .11%
S 2.54%
Al 1.17%
LOI 6.15%

Even though these are only rockchips both of these deposits have the potential for decent tonnage. BHP estimated Fk Nth to have approx 100mt which might be highish phos but this may be able to be blended out.

Then there are the smaller targets that have yet to be named.

Railway is just the beginning but IMO by itself it underpins the current sp and will allow a very profitable operation.