results due by end of september, page-2

Jimbo,
Thats ridiculous to suggest that we should have any concern over the results :) Whats to guess???
-150-250m plus intersections of Fe
-similar XRF readings to previous results
-open in depth and direction
-on target for <350Mt resource
-Midcase NPV suggests that a price drop (-15% from $130/t) to $110/t still gives the project a value of $500m!!!!



The biggest story at the moment is the iron price, and what it might do for Haranga!

The low prices of Fe at the moment are hurting Chinese production more than they are imports which is great for a potential importer like HAR that has a mid-range opex.


But the biggest story for Haranga is the massive drop in the end of the report last month talking about HKSE:1733.
If you haven't digested what the MD said in the last announcement, you need to read this.

http://au.finance.yahoo.com/q/h?s=1733.HK



I am happy for the company to space this one out as long as possible - this is not discovery so much as a stage managed takeover opportunity and timing is critical!!!

If they are late because they are chipping away at preparing the MLA, who cares :)

Cheers,

SF