HLX 7.14% 1.5¢ helix resources limited

jorc resource estimates due q1 2008

  1. 123 Posts.
    Extracts from AQA's half yearly today

    - Advancement of the West Pilbara Iron Ore Project Pre-Feasibility Study for the development of a haematite iron ore operation exporting 30Mtpa to steel mills
    throughout Asia. The pre-feasibility study scope includes the evaluation of port options, refinement of rail routes, preliminary environmental surveys, development
    of mine plans, equipment selection, product specification and project costing, to be completed by the end of the first quarter 2008.

    - Exploration continuing in the West Pilbara Iron Ore Project with 380 drill holes completed during the period for a total of over 20,000m. JORC resource estimates
    and testwork of ore is expected in the first quarter of 2008.

    Last para is what we are all waiting for. AQA's BMO presenation is a good read too

    23 24 looks like the bottom, but for how much longer? and to gauge a reaction look at how the market responded to BRM's ann today and thats low, low grade stuff


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