Well I stand corrected... Happy to admit I was wrong on this account.
Seems they can find out roughly what the Iron Ore content is via a hand-held scanner or something similar...
"Visual inspection of the drill core indicates that the iron enrichment observed at the surface persists throughout the hole. A visual estimate of the proportion of “black beds” (iron bearing) to “red beds” (jaspilite) in the core (Figure 2), indicates an encouraging ratio of approximately 60% “black beds”. Analysis with a NITON portable XRF machine (see disclaimer) returned readings of around 65% iron content for the “black beds”."
That's pretty good news I feel. Good timing anyway on a day when the market is down 2.5%. Should see a gradual rise in price now I reckon!!
FXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
