Cheapest Magnetite stock on the ASX with options that provided leverage for a potential 10 bagger.
Easy buy decision.
Compare ACS Mt Gibson to GBG Karara.
GBG Karara estimate probable reserves of 500MT 39% MAG
ACS Mt Gibson estimate 500mt MAG TOO
ACS Mkt Cap $35mn
GBG prob $750mn?
GBG FAR more advanced, and rightly valued (i bought more sub $1 last week), but ACS should be worth far more.
PS: i hold gbg, acs & acso
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