GREY:DREXF - Post by User
Comment by
bullorbear1on Jun 17, 2008 3:18pm
373 Views
Post# 15194871
RE: the horror.. the horror
RE: the horror.. the horrorIt's not as bad as you may all think.
DOX has a iron oxide deposit with copper gold associated with it. ( IOCG)
The news stated that all holes have this IOCG mineralization.
In 4 weeks some 4.5M shares traded and today some who wanted high grade copper have opted out to the tune of 388,000 that's under 10% of 4.5 M .....
This will take time to sort out and in the end DOX will have xxxx,000,000 tones of iron ore to sell to local smelters.
The next 5 holes will be good, my instinct tells me.
DOX could have had 0% of all minerals tested and the stock would have been $ 0.1/share
Ask a geologist if Fe04 magnetite ( iron oxide ) at 18.9 % is decent and they'll say YES!