MMX murchison metals ltd
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exceeds 1 bill, page-8

  1. mvp6996
    193 Posts.
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    05/02/09
    13:37
    Post #: 4764293
    hey guys, that is 1 billion magnetite (or magnetite grade equivalent).

    AGO announced 2 billion tonnes as well so you can't really compare.

    The main thing is that in a depressed market, people won't get too excited over a big resource that will cost heaps to start up. You would need 1 billion tonnes DSO (i.e. >56% Fe) to get people excited.

    I think the court case and the OPR infrastructure thing is weiging against MMX.

    AGO does not have that. Not that I am vouching for AGO.
    MMX Price at posting: 54.5¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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