target potential of 100mil tonnes of fe, page-18

Very good and relevant points you raised Miningio and yes I should have omitted "high grade".

One could also point out that hole 38 delivered better results than first reported and what the market was expecting:
20/11/2007 high grade in hole 38 commenced at 41m.
14/2/2008 high grade in hole 38 commenced at 29m.

The visual report on 20/12/2007 stated:

"Significant Marra Mamba style iron ore mineralisation was intersected in all drill holes, establishing geological continuity of iron ore mineralisation between drill holes UI 031 and UI 035."

There was no mention of specific grading widths.

I look forward to seeing the assays from hole 196, where it was reported as "10m of visual high grade". This may indicate that they are getting more confident with visual assessment.

I'm sure that the eye gets better with training and so the assessment of visuals today would be more accurate than yesterday.