"After consideration of the mapping, drilling and geophysics in these areas it is estimated that there is potential for an additional 200 to 350 million tonnes, comprising 150 to 250 million tonnes in Unit C and from 50 to 100 million tonnes in Unit B. The overall grade is anticipated to be in the 56% to 59% Fe range in both cases (refer to attachment for further detail). The above potential target tonnages and grade range, combined with the existing JORC compliant Inferred Resource of 124 million tonnes, equates to a conceptual project exploration iron ore target, of between 320 and 470 million tonnes ranging from 56% to 59% Fe."
Who was this announcement targeted at - potential suitors? Is this still the company's position? Why not mention this in your recent investor presentations? Is it a sham investor presentation?
Just some questions from your shareholders
GWR Price at posting:
64.6¢ Sentiment: Buy Disclosure: Held
