RDL,there are some massive numbers which start to come out of...

RDL,
there are some massive numbers which start to come out of this. Well north of our current poor MC of a few $m.

I like this:

On our estimates the 10,308 metres of drilling at the Bayantsogt prospect in 2011 supports a maiden ~40Mt resource. We would expect this to be increased by 50-100% with planned drilling in the 2012 field season, but the maiden resource alone supports an attractive initial development project of potentially 2Mtpa producing a +60% Fe product over a 10 year period. Further drilling planned in 2012 at the other three targets within 10kms of Bayantsogt are likely to support a total resource in the order of +300Mt and a much larger central feed project. We would expect an operation of +5-6Mtpa, on par with the Eruu Gol mine, to be Haranga’s medium term objective.