iron ore resource estimate, page-4

As I have written here before ....JMSO gave us a 10 bagger in one week last November based on a pretty aerial photo and some sampling results.... but no drilling.

Good sampling results and the size of the prospective Fe tennements that MDX have should result in a serious reratring of MDX (and MDXOA) northwards.

The buy depth seems to be growing while the sell depth is the weakest I have seen it for ages.

Interesting to note that people are still buying oppies around 5c which, with the heads at 17c implies an 8c premium or almost a 50% premium.

When the oppies are leading the way it is often a very good sign. There was also a lot of buying in MDXOA last week above 5c.

If the results are due out by Friday then we should see some useful upside as we approach the end of the week.

Best of luck all...

EB

EB