Ann: Mt Bevan Drilling Update, page-5

if you read the announcement carefully and look at the drilling cross section diagram you will see that they were targeting the hematite and not the magnetite.
the results given were for hematite.
if they had of found magnetite at 62% it would have really raised the roof!
in saying that I agree with your other points - this mob have proven to be hopeless for the last 3 yrs or so!