Forest Gate Energy Inc FGENF

Iron Ore......two things i like

[brodan]

This is an interesting turn of events. The company has been looking for a real deal maker for a while now. Diamonds,Oil,Gas,Gold....now Iron Ore. All the other projects had potential but seemed to fade in quality...although the gold project still looks good with, and i quote "Drill hole FG11-05 intersected gold mineralization that assayed 145 grams of per ton in the first screen analysis. The second screen analysis on a second sample of the same mineralized intersection assayed 44.6 grams of gold per ton suggesting the presence of free gold. The first screen analysis is discounted due to the nugget effect." Now the share holders have to seriously look at the Iron ore. 29.3% iron is a really good hit. Basically on surface, so and open pit,and all the main infrastructure close by. Now its just a matter of tonnage. So an announcement aimed at the Quebec property for a drilling program that will do just that. This may be the break, we as shareholders, needed. I have owned stock for a while and i am thinking of adding more. Any comments would be appreciated. "Forest Gate reported on August 11, 2011 that it had intersected high-grade iron in the banded iron formation mineralization at its Pershing property. Drill hole FG11-03 contained magnetite intervals grading 29.3% iron. As previously reported, the banded iron formation unit containing the iron rich bands had a core interval of approximately 100 metres.""This iron ore exploration program is at an early stage but if the tonnage and grades prove up, this iron showing has several attributes working in its favour. The iron mineralization is partially exposed at surface and the rest of it occurs close to surface, which makes it potentially amenable to open pit mining. This iron occurrence is also close to a rail-line, electricity, natural gas pipe line and roads. This will significantly affect capital costs in developing the property," said Judson.Please do your due diligenceCheers