MFE 0.00% 1.0¢ magnetite mines limited

One thing you might be interested in if you're researchng this...

  1. 10,391 Posts.
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    One thing you might be interested in if you're researchng this stock is the Pattersons report on Roys website. Its a bit out of date but it has a map of the Mid West region and shows the prospectivity of Roys leases relative to GBG MIS and MGX. Roys ground isnt just adjacent to these guys it interweaves and overlaps and sampling has already confirmed the geological continuity.

    Those co.s have grown their market caps to 100s of millions and they still represent value given the direction of iron ore prices, which is pretty much insulated from the volatility in base metals. I traded all of them at one time or another. Scalped a few cents when the smart thing was of course to put a holding in your bottom drawer and not watch it. Imo ROY the company will follow the same growth path but its not a stock to trade or watch for that matter.
 
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Currently unlisted public company.

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