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0.00% 4.7¢ murchison metals ltd

cpg,i am going to assume you were on the sauce when you replied...

  1. Blythefan
    4,444 Posts.
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    17/05/09
    18:02
    Post #: 5146448
    cpg,

    i am going to assume you were on the sauce when you replied to my post, because its not usually your style to come across drunk, LOL.

    Rocklea isn't magnetite - it's a CID. Its 53% Fe with ~11% LOI, so it'll upgrade quite well to 62% CaFe. Don't know how much will be marketable due to silica and aluminium.

    I am also quite aware of the cost of mining, coct of trucking/rail, and the whole economics of Fe ore. its why I just don't rate GWR and the guys looking in the Glengarry north of Meekatharra. Way too far off in the boonies.
    MMX Price at posting: $1.41 Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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