magnetite gurus: what is 500mt of mag worth..., page-19

Guys, the purpose of this "discussion" was to try and put a value on what magnetite is really worth.

NOT comparing it to hemitite.

OF COURSE HEMITITE IS PREFFERED...OF COURSE



BUT that doesnt mean or make magnetite worthless.


It is still a VERY valuable commodity - albeit one LESS VALUEABLE (not 'less'; not 'unvaluable') then hemitite.


So i ask, what is 500mt of magnetite in WA Mount Gibson worth? As an exploration target firstly, and then as a JORC complient resource secondly?


$0.25 per tonne? $0.50 per tonne? $1 per tonne?


Lets stay away from the hemitite comparisions, cause we ALL obviously share the share position on that matter




Cheers!



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