I know Next Investors have created some spectacular returns
Or did they? there are plenty of articles they are paid in shares by for advertisement service for the company. I wonder how this will end?
IRD might be ahead of themselves on the sp and how much of this is flippers who follow in and leave. In hindsight we will find out.
On a first inspection of headline project parameters, Metalytics notes the CEIP in-situ ore grade of 15.9% Fe
appears unpromising by comparison with existing magnetite mining and concentrating operations. However, in
Metalytics’ opinion, this must be assessed against the recognition that most other magnetite ores, including the
BIF ores in Western Australia and the taconite ores in the USA, are markedly finer grained, significantly harder and
more abrasive than the CEIP gneissic ore.
I'd like to see how this pans out after we get the PFS.
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