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2.56% 76.0¢ red hawk mining limited

Bungy234 - Do take some time and read FMS JORC announcement....

  1. tccham
    45 Posts.
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    02/04/09
    09:50
    Post #: 4971316
    Bungy234 - Do take some time and read FMS JORC announcement. 476m tonnes are just an headline act, the devil is in the details.

    I have throw a question on your comment that all FMS 476m tonnes are pure rubbish in one of FMS thread. Let me cut and paste again ...

    Based on 57% cut-off in FMS JORC statement and using UMC JORC as a comparison:

    Code Tonnage(mt) SiO2 Al2O3 P LOI
    FMS 124 58.3 6.9 3.8 0.08 5.7
    UMC 122 58.3 4.5 3.4 0.06 7.97

    Are you saying UMC's ore is just a little bit better than pure rubbish ?

    Can you work out the FMS have 124m tonnes of ore with CaFe more than 60% ?

    FMS Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
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