MFE
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0.00% 1.0¢ magnetite mines limited

hi LexThe market waits for tonnage.Plus with magnetite, a strong...

  1. ddzx
    37,911 Posts.
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    25/03/11
    20:15
    Post #: 8167787
    hi Lex

    The market waits for tonnage.Plus with magnetite, a strong sense of direction, like CAP

    The market will buy magnetite if it thinks the project is a goer, eg. GBG

    As for Crabbe, he was not involved in the UMC disaster. He opposed it.

    As for magnetite deposits, they are valued at about 20 cents per tonne.

    ROY has 277mt, worth $55m

    Current market cap fully diluted less options cash is $50m

    regards

    MFE Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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