well we now know that LML has discovered 4 zones of hematite iron ore (page 11 of annual report)
we also know that the assay results are due within a week (yesterdays price query)
we also know the company is distancing itself from the rise in price/volume, why would they be doing this, because they know the results are good and don't want to draw extra attention from the ASX (reported in yesterdays price query)
finally we know the drilling was to test for areas of DSO hematite iron ore and judging by the increase in action in LML and the fact they have stated they have hit 4 zones of hematite ore, you might be able to assume they have some 60% FE hits.
And one thing is for sure if they have some 60%FE hits the stock will run and run hard.
LML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
