MFE 0.00% 1.0¢ magnetite mines limited

Your comments are appreciated Elguido although it's a losing...

  1. 897 Posts.
    Your comments are appreciated Elguido although it's a losing battle keeping some of the rampers at bay on this site.

    GBG has long been recognised as a spec stock with great potential to be a long term investment for the patient. It's also a fair trading share but as you'd know there are heaps of far better trading stocks out there.
    A few pretend GBG is foolproof, it isn't yet and nothing really is. It will get up there, but let's try to keep it honest.

    The ROY thread seems to have a majority of realistic posters that equally see it has potential, as well as problems. We need to weigh up which side has more chance of being correct- or else treat it as a trader and don't view it long term.

    Just on Shine, GBG avoids like the plague stating just where the main deposits lie, which makes me suspicious that it may not be on their tenement but rather on JV land and ROY, in the past, has led the market to believe there is around 20mt on the JV land.
    20mt is approx. 3-4 times what GBG now has in total hematite available to be developed!
 
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