Midwest has just announced that it has decreased its estimated tonnages from 132Mt to 114Mt, but increased the grade from 55.6% to 58.7%.
Despite the tonnage downgrade, Midwest chief executive Bryan Oliver 'remains confident the project will achieve its minimum target of 225Mt required to underpin the development of Weld Range and the associated infrastructure'
So GIR have the 100% owned Beebyn-Weld Range project returning intersections of [email protected]% along the boundary of the Midwest project and the Beebynganna Hill to the south with a 11km long BIF rang with hematitie outcropping and surface sampling of 62.8%
Better grades and significant resource potential.
So who might Midwest approach to get the additional resource....
RHI all over again on a grander scale
Just putting it out there - profittrader, any thoughts?
macleod
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
