Global pivot towards cleaner, greener steel thrusts magnetite iron ore into spotlight, page-33

Still, taken as a piece, I think for those with eyes to see, the Annual Report and the latest Investor Presentation paint a clear enough picture of value far in excess of our current gobsmacking level around 8c:

https://www.mmel.com.au/site/PDF/70a1a5a1-0e09-49c5-9371-94b6900e5e2c/AnnualReporttoshareholders

https://www.mmel.com.au/site/PDF/0d4e39d4-3f8b-4476-b525-383d984509ab/InvestorPresentation

Obviously the value proposition not stated explicitly enough for some.

But in my view, only a matter of time with this one.

And once things start rolling, it'll snowball. Wait til the market cap requires the Index-linked funds to step up. Then we'll see days when the share price increases by 8c/share and more.

It'll happen.

Meanwhile, just be astonished folks are so readily persuaded to part with their MGU so cheaply.

And rejoice, as buyers.