Cipher Resources Inc DREXF

Huge potential deposit

[Amalade]

It 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

[bullorbear1]

Yes With these results and the depths are good, and Iron is in demand globally .... I checked out why ... infrastructure projects in developing countries are fuelling the demand for metals.Rebar ( iron ) + concrete = buildings, roads, bridges, etc. .............I like the results may have been a 2-4 % copper at 90 meters and then could have been 0-0 % of nothing for 90 meters. ........ I '