What is the real question in today's announcement is why is there not one mention of the magnetite resource. This project seems to have switched from magnetite to hematite when the whole premise of the MMX story was that it was a magnetite play. Problem is that the significant magnetite resource has been identified to JORC standard but not much hematite has been. How do you justify building a rail line and port on this?
MMX Price at posting:
$1.50 Sentiment: None Disclosure: Not Held
