MFE magnetite mines limited

breakout underway, page-5

  1. 520 Posts.
    looks pretty grass roots apart from iron ridge. iron ridge they have only a small part of the deposit anyway. closest hits were max 12m anyway. its speculative. say they had all deposit there, max tonnage may only be 1000m*250m*3*12m average thickness = 9mT with not much upside? probably already full value on 35mil mkt cap.


    other tenements look random, hard to assess
 
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