CJO 0.00% 13.0¢ cerro resources nl

placement, page-3

  1. 187 Posts.
    Hi Bik, the options would be issued to the parties who took up the share placements.
    The present share price say it all. Big tick of approval.
    In the past, I thought the Mt. Phil iron ore deposit contains about 4-5Mt of ore. That was I read from an old Queensland Geological report.
    But someone more knowledgeable than me, having gone thru some of the past drilling results done by Kings on Mt. Phil, reckoned the deposit is easily 25MT.
    This is one occasion I do not mind being wrong.
 
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