Another FMG? Sure is. Just compare MMX SP chart of last 18 months with FMG chart of 3 years ago. Almost identical. I don't know anything about FMG ore quality but i suspect it is 60%+ Fe. Can anyone let me know?
I expect MMX to exceed the Merrills "insurance" sp of $13.20 and continue to follow in the footsteps of FMG share price to $22-$25 if the ore reserve is substantially upgraded (I suspect it will be). They are carbon copies. There will be lots of ups and downs on the way there but the general trend up will continue.
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