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     chingas
Member
Username: chingas
Post Number: 780
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 10:35 am: | 
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A review of past
assessments of the CID and DID
target tonnage was carried out by
Dr Richard Russell results of which
are expected soon. Dr Russell’s
preliminary findings are as follows:
• New air photo mapping has
resulted in more detail on the CID
and DID systems
• DID systems are generally smaller
and thinner than previously
thought
• CID systems are slightly larger,
thicker and more complex than
previously thought
*********************************
and if i read further i would have answered my question.
(Message edited by chingas on April 30, 2008)
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chingas
Member
Username: chingas
Post Number: 781
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 10:39 am: |
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and when you read further, it says that the major part of the inferred deposit is held within the CID component, so that would suggest to me that their inferred resource is actually bigger than previously thought, do you agree?
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chingas
Member
Username: chingas
Post Number: 782
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 11:13 am: |
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CNP and CER in trading halt ecchi, looks like that announcement will be coming through in the next few days, good luck mate, hope it works for you
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ecchigaijin
Member
Username: ecchigaijin
Post Number: 857
Registered: 07-2007Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 12:36 pm: |
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I am a newbie at interpreting explorers' results. I assume CID = channel iron deposits and DID = detrital iron deposits. I am guessing detrital means one off deposits where as channel deposits run in bands so it sounds like good news to me.
If I had cash today I would be buying FDL at 11.5 as it seems like a nice entry price with some green around of late.
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ecchigaijin
Member
Username: ecchigaijin
Post Number: 858
Registered: 07-2007Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 12:46 pm: |
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Anyone been following BOL?
I have had it on my watchlist for a while now but have not researched it much. It has gone from around 80 to 1.32 just since I have been watching it!!!!
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chingas
Member
Username: chingas
Post Number: 783
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 02:20 pm: |
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I guess its stocks like BOL that are way oversold will be the ones to make the biggest gains on the way back up, but still risky ir the market turns nasty all of a sudden. ALmost feel like putting a little bet on BOL actually
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ecchigaijin
Member
Username: ecchigaijin
Post Number: 859
Registered: 07-2007Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 02:35 pm: |
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Consultant Dr Richard Russell has updated his earlier work and confirmed an iron ore
exploration target of between 333 and 380 million tonnes at 56% iron on the Hamersley
tenement E47/882.
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chingas
Member
Username: chingas
Post Number: 784
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 02:45 pm: |
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Nice pick up ecchi, just watching atm but will try and grab some more today if it starts to move, not much of an announcement bu[t this bit interests me :
"The work has resulted in an updated
target estimate which is not significantly
different to the original estimate,
but is based on a better geological
understanding. The location of
channels “A” to “E” and a summary of
the target size of channel iron deposits"
sounds like its gonna do well i reckon
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chingas
Member
Username: chingas
Post Number: 785
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 02:50 pm: |
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"Flinders Iron will embark upon a sixmonth
drilling campaign comprising
250 Reverse Circulation holes for
a total of 20,000 metres, to assess
the Hamersley iron ore target."
This bit worries me a little for the options, although i imagine they would ensure some drilling results are relesased prior to options expiry, the 6 months will take it beyond the expiry date. Tempted to play them short term anyways
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ecchigaijin
Member
Username: ecchigaijin
Post Number: 860
Registered: 07-2007Rating: N/A
Votes: 0
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| | Wednesday, April 30, 2008 - 03:11 pm: |
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Yeah I saw the 6 month thing and thought the same. I am trying to get off the options and convert it to well priced FDL equities. I think the most interesting part of the announcement is the 56% IO part. I can't recall them mentioning the grade previously, and some people were claiming it would be a crappy yield once announced.
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aussiebuggaa
Member
Username: aussiebuggaa
Post Number: 647
Registered: 07-2007Rating: N/A
Votes: 0
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| | Thursday, May 01, 2008 - 06:18 am: |
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GOGO. T.A.N.K.E.R!
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chingas
Member
Username: chingas
Post Number: 786
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Thursday, May 01, 2008 - 11:52 am: |
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FDL copping an butt whipping today, alot of the buyer depth has dropped out too, maybe back under 10c we go.
Its a strange, strange world, 2.30am and the dow was up alot(100+points, can't really remember exactly) and then wake up to find the fed has done what the market wanted but because they say they've finished cutting for the time being the market tanks ... I mean come on people, interest rates at 2%, if they go any lower they'll be paying you to borrow money!!!
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aussiebuggaa
Member
Username: aussiebuggaa
Post Number: 648
Registered: 07-2007Rating: N/A
Votes: 0
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| | Thursday, May 01, 2008 - 02:44 pm: |
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Well Chris, considering the rate cut was pretty minimal and the technical resistance level above. Most sensible thing to do was to sell off, and so they did. Hurray.. more quick money$$$ to be made.
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eallthewayhome
Member
Username: eallthewayhome
Post Number: 447
Registered: 07-2007
Rating: N/A
Votes: 0
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| | Thursday, May 01, 2008 - 02:50 pm: |
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look at agk for a 50c bounce 12.10 atm
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aussiebuggaa
Member
Username: aussiebuggaa
Post Number: 649
Registered: 07-2007Rating: N/A
Votes: 0
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