Been keeping an eye on this one and have taken a position as imo its one stock that is (hate this term) flying under the radar. this came to my notice after dmor after the company announced an exploration target (asx release 14 oct 2009) or 2.5 to 4.5 billion tonnes at an ave 18% DTR magnetite with a concetrated grade of 69-71% iron with a vertical depth of 250m and density of 3.2t/m3. the “target” at hawsons iron projects while still conceptual was enough to set the company on futher exploration work to try and prove an initial inferred resource by about March-April 2010 with a small mkt cap and small share issue and the interest of late imo am happy to be holding . p.s. very close proximity to broken hill infrastructue (60km) and recent tin discovery at the euriowie tenement.
