re: Ann: Local Community Grants Access to Apu... The average...

re: Ann: Local Community Grants Access to Apu... The average iron ore percentage is far less at the moment and is only about 360mt if both companies are combined. That's been reported by both companies in their last quarterlies.

Pampa De Pongo sold to a Chinese company about 2-3 years ago for $200M USD. They had (Can't be bothered to look up the exact figures) but they had about 850mt at about 40%(ish) iron content. That is about 340mt iron ore. If both companies combine they would have more than this. As I said - 12 months drilling far more. Far more company value.

But yes K8 if they can get drilling again then the resources will no doubt exceed the minimum levels that is needed to make this project very handsome. Hopefully for a takeover or joint venture (best scenario but more unlikely - large companies typically want a junior to get lost when they want in).