Ann: Drilling Commenced , page-3

It might have to do with the enourmous Capex which has to be done. If I had to invest let say 500 mln US$, I d rather would know for sure that a possible 1 bln tonnes is there, than a 500 mln tonnes.
And on the other side, if Brett tries to shore up the value of the company by multiplying the amount of resources by 0,17 A$, we cannot have enough tonnes of magnetite!!
Same goes for the net amount of Fe according the valautions done in the PWC-report.

I am glad they are still negotiating with several parties and with the strong iron ore market right now, they finally might come up with an agreement coming weeks !!
They are just putting the upward pressure on their value.

Go on Brett !



DYOR