MXR
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0.00% 3.1¢ maximus resources limited

market has no idea how to value it, page-12

  1. 3po
    145 Posts.
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    09/05/08
    15:53
    Post #: 3693588
    "this may just be silly, but does anyone know what grade iron ore it is? that is what % Fe it has?

    No offence, but if the Fe is below 56%, who cares how much they have, it's not profitable to mine."

    From what I have read Magnetite is usually no more than around 35% Fe. The announcement implies a possible resource of Vandium-Magnetite (FeVOx) of between 350 and 1000 MT.
    MXR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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