What Twiggy had a a big deposit. Macarthur has a big deposit. This time it's magnetite, and magnetite is in big demand because a lot of the steel mills want green iron ore. Plus a lot less tonnes need to be shipped at 6%% iron content for the same amount of iron. With over a billion tonnes of great magnetite and probably twice that at Mt Manning, MIO is well placed to become an iron ore major in time. That's why I like this. Eddie Sugar is backing MMIO and he backed Twiggy at the beginning. Eddie is no fool.
MIO Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
