RE: Iron ore1 Sep 2021 13:39
OVs my thoughts
either way han**** Iron Ore will push the SP up it is sitting around 160 a tonne and i think it will consolidate there for some time un till government's start to push there green deals and new infrastructure building, this will be needed to push the economys on.
the cheque will have to be big for han**** if UFO take one, but i think we will mine our self's the cost would not be massive to set this up bill has probably got everything in place quoting companies like fenix and transport
Han**** siris extension is estimated to be 5-15 mil tonnes i think this will be a little more not lots but more,
moving over to the new DSO areas found in phase 1/2 Ridges A,B,C,D,E are all around 1500M in length compared to Siris that is around 300-400 length, so even if one of the ridges is worth mining that would be 4x the size of siris.
now we know that all ridges have shown high grade DSO from the holes drilled already we need the third phase to start to prove up the amounts, that's why i am assuming that we will push 100mil tonnes not to mention the southern ridges which we know little about (i mean us muggles ufo have some info) but not released yet
like HH say Liz Hills is a different beast we know the grades from the 7 holes will be good as the were when ECM drilled it but they only drilled a few holes over the length of liz hills, they thought that the strike length went in stages all the way up to mustang to the north 2.5km away that would be something
so i expect some surprises when we start to drill more of liz hills
the SP should be a lot further north from what it is now