mt forrest, page-7

I can't believe post an ann which basically stated they have a very good chance of a significant high grade resource over many km, the SP has dropped back to where it was pre-ann..

Yet IRM trades at nearly 50c on no news, and what may be a potentially smaller resource based on area.

If we take MDX's recent statement: 17000 x 500m width (range from 250-2000m width, taking a low 500m avg) x say avg 20m depth = 170,000,000m^3. If we apply a specific gravity of 3g/cm we get a possible 510mT of magnetite..

For comparison - this would be about 1/2 what GBG announced in September, with about 1/5 the shares on issue.

This is not even counting the hematite potential which may be significant at the north..