re: Ann: Summary of Chairmans Address to Shar...
It seems that all the companies that hold leases from Yunta to Broken Hill believe that the magnetite is excellent quality and the whole province will become Australia's second largest iron ore province after the Pilbara.
CAP seem determined to be the first to begin mining. Their drilling program is large.
The other companies need some farm ins to do the same. When the farm ins are announced the share price should begin to move.
Because the holes only need to be about 200m deep to get a BFS they could be drilled at about one hole a day.
MEP Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held