1560m tonne magnetite worth 400 million, page-27

like warren buffet says, if you like the hamburger, you should be happy, the price of the hamburger just got cheaper.
I bought more MXROA this past week and while I post about the positives, MXR is at historical lows despite the implied value of the in ground iron-ore if it turns out to be 3 billion tonnes at 26c a tonne representing a share price of value of $5.09 with 153m shares listed and $3.45 a share fully diluted ( if all options converted with 225.8m shares).
Add on the value per share of the Selheim and South Australian gold and the ERO share holdings and yesterday's buying at 10c represents to me, the best value share on the asx yesterday.
Sava, I can't tell you if you should buy, but I am actively doing so.