conceptual modelling should be banned imo, page-37

the ethical thing to do would be to drill some holes first rather than nominate huge low grade conceptual targets, but I guess that is expecting too much of some companies in this market. Very well done to people who were on board though, however I reckon this kind of action (and what FNT did a couple of years back) gives our market a bit of a stench.

There are plenty of substantive IO stocks that could easily release back of the envelope figures if they chose to take this short cut, there is no shortage of low grade IO.

NB I am not saying they won't have a lot of iron ore, just that it's premature and irresponsible at this stage, and dangerous to assume it will be economic.