Looking for some help in this area and any advice is appreciated . Looking at a Company that has a the potential to host between 50 - 100 million tonnes of iron ore . This is a theoretical estimate based on an ongoing model ( iron ore resource ) that requires further drilling and fieldwork to present a more detailed model . So far the average grade on eight samples is approx 59% Fe and even though this figure seems quite high it may not be indicative of the broader prospective area but it is an indication . A three month drilling programme has just started which will provide further indications of the grade and scale of the deposit but much work is required to get to this stage . Looking at their preliminary estimates 50 - 100MT and comparing this with 120 - 150.00 per metric tonne it could indicate a 90 - 120M resource but with other factors such as extraction costs and transportation it might be a different figure .
