mt gibson drilling, page-9

re: dont forget the gold Don't forget their 100% owned Iron Duke Gold Project.
65,500 ozs resource with more drilling to come "early August" (now) That aims to "increase the size and grade of resource"

That's US$42.5 Million @ US$650/oz. And they've already completed an independant scoping study that indicates the project is viable @ US$600/oz.

Their last quarterly report indicated a Pit Value of US$5.8 - US$6.25 Millon. Compare that to the market cap, how can you go wrong?

As to the magnetite, how much did MGX just sell their Extension Hill Magnetite deposit for? $52,500,000.00 :)
Plenty of blue sky here!