Hi DDzx.I am not down ramping,but you have to understand the...

Hi DDzx.

I am not down ramping,but you have to understand the rock chip samples I assume are from surface.
Eight samples taken and split into 10 samples.Most were high grade.

The Initial Target is based on these true 8 samples as two were cut in two to give ten samples.
How deep is the DSO Cap?
With out drilling,WGO cannot say how deep the Cap is.
They can guess going by drop offs were they can see the side of a cliff.The only other way is to drill.The Cap could be 2mt deep,it could be 200mt deep.
WGO could dig trenches a few metres deep to see if they have iron ore from or near surface.

In other words,at this stage WGO would be hoping that they have high grade DSO from or close to surface.That the Cap is perhaps 200mt deep x 1kl wide x 3 to 4kls long.
That may give them 1 to 2 billion tonnes of high grade DSO.

DDzx.Itabirite is made into Pellet feed or Concentrate.
SDL DSO is costed at around $20 per tonne.
Itabirite is costed at $35 to $40 per tonne to beneficiate.
I think you will find that if DSO is selling for $150 per tonne,Itabirite will sell for more than $20 per tonne more than the DSO.
It may be lower Fe,but it is well sought after and preferred by a lot of steel producers.

Regards
Westcott.