GREY:DREXF - Post by User
Post by
Amaladeon Jun 24, 2008 7:40pm
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Post# 15224630
Huge potential deposit
Huge potential depositIt appears that this play could be huge. Multi metals discovered, very low grade, but over all, mostly medium grade iron ore of 4-5% but depths of close to 100 meters is not too bad for open pit mining. Good infra structure, like rail transportation. Mr. David Joseph did mention that one of the holes, showed some other metals, like moly, zinc, cobalt etc. but these were insignificant , but were in the hole core. Present market cap only about 1.6 million?Iron ore - 50.00 per tonne. Maybe time to load up the truck? LOL