Anyone have any opinions to todays very positive iron ore...

Anyone have any opinions to todays very positive iron ore announcment?

Tuesday, 22 April 2008
InterMet Iron Ore Exploration Update

SUMMARY:

• Addition of new tenement with outcropping iron in the Mount Garnet area near Paddy and Jessie iron prospects

• A ground magnetic survey planned for the Paddy prospect

• Several other tenement applications in northern Queensland over potential ironrich areas

• InterMet has joint ventured Wanilla tenement in South Australia to iron and basemetal exploration company, Lincoln Minerals Limited

InterMet is targeting magnetite-rich mineralisation on its six iron projects in northern Queensland:

1. Munderra (EPM 15481, ML 3945 & EPM 9892) .( over 60% Fe)
2. Mt Ruby (ML 20414 – Application) .(over 60% Fe)
3. Mt Lucy (ML 20488 – Application) .(up to 70% Fe)
4. Mourilyan (EPM Application)
5. Mt Luce (EPM Application) .(Magnetite-rich minerals sands)
6. Sunday Creek (EPM Application)


Seems very impressive to me. Most iron tenements are in very early stages. But shows ITT are keen to secure iron tenements. Anyone have any opinions to this?