rags to riches?, page-2

Only new to AGU, but a few things impress me , the size of the resource being oneand the comparison to an other
mid size miner are interesting

MMXexploration at Jack Hills continue to provide further confidence in the Jack Hills resource,
with exploration activities resulting in an increase in the Mineral Resource estimate to 3.22 billion
tonnes at 32.3% Fe and 26.6% DTRi, including an increase in the DSO component of the Mineral
Resource estimate to 139 Mt at 56.6% Fe; this share topped out above $6 PRE gfc

Then you look at the first estimates of resources and there suggesting 20-28 million tonn of direct shipping ore at a grade of around 55% along with 1.5-2billion tonne of
25%-35% FE with possibility of significant upside.

The DSO great start up cash flow to fund rest of development costs, given probably 3-5 yrs development time for a mine such as this if all goes well, is a 10 bagger posssibly in the making IMHO of course, was going to just trade make a profit and leave, but im enjoying the view, think i may hang around a little while see what happens.

Question FE is all about logistics, where is the closest port or rail acess

DP