Just looking into Easter Iron, it will be mid 2011 before Eastern Iron finalises JORC resource estimates and metallurgical test work to confirm concentrate grades (for both Hawkwood and Eulogie. Only then will Boulder know if it there's real potential there.
The results from Hawkwood seem to suggest that they've got high grades (63 - 67%) and that impurities are not a problem.
The Gladstone plant will need about 4 mtpa of ore at full capacity. It would be nice if they could get even a part of that locally.
BGD Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
