its just common sense: from Ann this morning M3 could be full of 59-60% Iron ore and from last Ann about North part of CID it seems like both sides (North and South)of channel could have that Quality of IO.
So now how much IO could there be in 700m (length) X 160m (width) X 50m (depth)....
And all together: North + South - how much could they have in that tenement alone? 200mt 300mt 400mt??
that is the question and from trading this morning some seem to have a little idea. So if you know how much a tonne of IO is evaluated in Junior world then you can imagine a price target in case the channel complies with current surface findings.
I am saying no more. Good luck to holders.
DYOR
HEM Price at posting:
62.0¢ Sentiment: None Disclosure: Held