They have and that is what is going on now. They have a contractor mining but its not the main deposits its just the general mining for the gravel. They are expanding operations but we have not yet started on the iron ore. Thats where they get you mate, I thought the same thing about the iron ore but it is not 65%. We have iron that is capible of getting to that mark but at the moment its half that from memory. It's a little tricky with wording on that. If it helps I have asked about it at the AGM before and they have said to get the high grade $100 a tonne ore it needs to be 65% but at the moment we are looking at about %30 maybe $35 a tonne because of the grade. I think they said that we also have about 13,000 tonnes of iron ore stockpiled (last agm December) but it needs a buyer and needs to be processed.
FHS Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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