23.5m traded is excellent continuation of the increase in volume, vwap up again to 8.67c, tmd 19.5m to 10.9m, new highs all round, some early profit taking which is perfectly understandable given the recent increases.
One of the things I forgot to mention was the depth of the resource. Surrounding projects in the East Pilbara have similar high grade iron ore and the depths they are regulalry reporting is around 100m of resource.
Corunna Downs report is 11,000m by 800m and if it's 100m deep, the high side volume is 880,000,000 m3.
I can't recall the weight factor per tonne but it's something like 2 or 3 times the volume.
The East Pilbara is evolving into a high grade multi resource province. Moly reported yesterday they had secured project funding from china (?) for their spinifex ridge moly project which is north of Gondwana's moly project, ( check out their share price)
Options catching up to heads.
Gold price up again last night to us$1062 an oz, copper up to $2.92/lb, nickel up to $8.66/ lb and Fe prices rising. Uranium has bottomed and had three weekly price increases.
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