With a market cap of only 8m, only 65m shares issued, cash in the bank to complete current drill program looking to JORC 100 to 200mt magnetite iron ore resource after current drilling (started in June) ...Scoping study by Sept accoridng to EFE.....x 2 iron ore deposits Eulogie and Hawkwood both similiar
Close to all water, power, railway, roads, Gladstone port could mean low capex and early start up
Throw in Boulder steel in JV with MCC -WISDRI (chinese backed)steel mill just up the road as a X factor re possible offtakes, takeover????????
Does anyone have any thoughts on EFE?
EFE Price at posting:
10.6¢ Sentiment: None Disclosure: Held
