Good comments about the major shareholder and past form. Failure follows these types everywhere they go.
Common ingedient is lack of integrety. This pile of cow dung of an Iron Ore deposit is not proftiable at $100 let alone what Iron Ore use to be priced at. I'll repeat for the dim witted. The major shareholder shopped this proejct all over Perth and everyone in the Iron Ore business declined to participate including outright purchase. It was also knocked back by a number of small listed exploration companies who needed a new life but due to their honesty, could not bring themselves to take on something their analysis showed simply will not make a profit. Apart from the resources (not resource not reserves) is too damn small to be anything but a secondry desposit to an existing producer the trucking costs murder it. What part of what I am saying dont you enthusiasts get? This sucker is going south big time. The bulldust is running out.
MMX Price at posting:
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