"if 3BT of 25% mag is worth $1m (plus some worthless shares)
whats 4BT of 18% mag worth??"
Firstly you nare comparing a tenement in WA and SA
Secondly the canegress was 1.7-3BT so not 4BT
fe levels of 69/70% are very high
FMS and MXR are run or were by the same directors/ just a bit of paper shuffling so wouldnt compare that deal to this one.
Shares they recieved have now doubled....so hardly worthless.
Anyway im in for the ride.
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