forthcoming news, page-2

They will be working towards defining a JORC of 200mt+ of 60%+ haemitite and magnetite as stated in the announcements already posted. A resource statement and target should be forthcoming

Lets not forget, mkt cap only $7.5mn (with $1.7mn in cash mind you)

Murchisons Jack Hills Mineral Resource is only JORC'd for 153mt by the way.

And MMX are a billion dollar+ company

So by ANY POSSIBLE MEASURE, current mkt cap = basement cheap


http://imagesignal.comsec.com.au/asxdata/20071206/pdf/00792616.pdf

ASX ANNOUNCEMENT ASX CODE: MMX
6 December 2007
JACK HILLS MINERAL RESOURCE INCREASED TO 153 MT
Highlights:
• Jack Hills JORC compliant Mineral Resource increased by 58% to 153Mt
• JORC compliant Mineral Resource now comprises:
o DSO – 69.6Mt at 60.3% Fe and
o Beneficiation feed – 83.4Mt at 42.3% Fe