poor old watso is too old, and too confused , and too forgetful ... however 60% iron must have a sg (specific gravity) of at least 4 or 5 - ie one cubic metre weighs at least 4 tonnes - so if there is a 200m intercept, with supporting holes, then it does not take much to find a few tonnes - several millions of tonnes.
a previous poster suggests that gda will sell out the royalty stream - that poster could be correct - or failing that, ago will bid for gda.
gda is probably worth a punt at the present price
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