Haven't really researched these guys but am confused by the following:
"Extrapolated to a
nominal depth of 75metres, this suggests potential for 650 to 750 million
tonnes of material. Within the five target areas there may be 90 to 100
million tonnes of material."
So are they saying they are targeting 650-700mt or 90-100mt of saleable iron ore? I'm assuming the latter. What do they mean by "material" then?
The grades looks ok but sounds like they've had a few hold ups. Chart looks promising also.
technical update, page-4
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