Cap-Ex Ventures CEV-V
.57
Shares Out… 43.7
Fully Diluted… 58M
Market Cap… $25M

Initial exploration on Block 103 has been highly successful this summer for Cap-Ex Ventures (CEV). 

Drilling the very large magnetic anomaly on Block 103 has outlined a huge magnetite deposit 12km in strike length that covers an area of 16 square kilometers and averages 75 meters in thickness. These early results from Block 103 suggest that CEV is in the early stages of defining one of the largest grassroots iron ore discoveries in the Labrador Trough in 40 years. Block 103 is a potential 4Bt monster at 30% Fe and has the potential to be bigger than New Millenium’s NML KeMag iron ore deposit, a 3.4Bt resource at 31% Fe set to produce 22Mt per year once in production by 2017. 

So far the potential on Block 103 is HUGE with Cap-Ex defining a mineralized area over 16km. 

(16,000m * 1000m) *( 75m) = 1.2B metric tonnes times a density of 3.3 makes Block 103 into a potential 3.96Bt monster with an average grade of all intersections of 30.37%. 

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Beat the Market Stock Picks: CEV 4Bt MONSTER!