AGU 297M Shares on issue m/c of approx $12m current sp of 3.8c
Target 3.5 to 5B tonnes IO in Mid West(with JV Partner)
30% of JV gives them approx target of 1.5B tonnes
Expecting 500mt Jorc by end of Jan 2011.(30 to 40%)
Davis Tube tests gives them recovery of +20% at 65-67%
= 100mt for JV.
Which = 30MT for AGU @65% for $160 p/tonne.
And thats just to begin with ,got numerous Hematite targets thst will be followed up in 2011.
its wake up time very soon top 20 hold approx 50%
Safe zone WA Based, next to the infrastructure rail line that will get built by Japs or the Chinese.
its all up from here
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