Fenix resources DSO deposit that hosts a high grade, JORC 2012 compliant resource of 9.8 Mt @ 64.4% Fe, which represents some of the highest grade iron ore in Western Australia.
The original Mt Goldsworthy mine In the twenty-six years since the first iron ore shipment was made from the Goldsworthy Project in June 1966, approximately 150 million tonnes of ore have been mined and shipped to customers in Japan, South-East Asia, Europe and Australia.
The new Goldsworthy project has the potential to produce three times the original mine.
150 million tonnes x 3 = 450 mil tonnes potential JORC.
Nearly 46 times the amount at Fenix at similar grades not to mention all the other deposits M4M have.
Yes the JORC has yet to be proven up but they are very confident.
Then there are all the other tenements. Also lets not forget about Mogul. Copper is on the way up. .
30 plus cents a share is very possible in time .
Good luck to us all.
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