re: Ann: Early start to drilling Jungle Dam i...
I think these guys have been ignored because they have technical merit,like many ohters on the Eyre Peninsula. The MD has been working that area for a very long time and I wouldnt expect that he would be involved with a spruiked up bit of rubbish. Hence it gets no lime light. To me the only thing that is important is that a deposit gets to reserve, ie then mined. I believe too many of these magnetite shows are too deep, too much silica and no way to get it out. The trick is find a resoure that has coarse magnetite or hematite, NOT sedimentary magnetite which is just too hard to process. So best of luck to these guys as they have been diligent in their work.
SNU Price at posting:
13.1¢ Sentiment: None Disclosure: Not Held