the irony ore of it all, page-5

Can any one truely say with their hands on their heart that 8m intersection at a depth of 50m will equate to 300Mt of iron ore?

They didn't even post any grades.

The reason why this stock is holding up is because people are still anticipating that the resource will be 300M tonnes of iron but from the results shown, this will be no where near 300Mt. Check out UMCs drilling results, they have drill holes that was 80m in width with average width of 20-40m. Their target is only 100M tonnes of iron.


You do the calculations. Before you comment that I don't any shares in this, I used to but sold out. I think this stock is good for a quick buck but long term future has yet to be seen.

LOL well at least this is not like the great diamond discovery, at least there is some iron there.