MFE 0.00% 1.0¢ magnetite mines limited

investor update re significant discovery, page-5

  1. 10,391 Posts.
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    Personally if Phil Crabb didnt have so much experience and credibility Id be a bit cynical about them suddenly searching for uran in the US. Seems poor r/r, although WHE seems to be having some success in Wyoming.

    It's the impressive iron ore projects that are exciting and hopefully will remain the co.s main focus. (The Apr 23 ann was maybe overlooked - ROY already has found rockchip samples at Warriedar of over 60%FE)

    Traded other Midwest iron ore plays MIS MGX and GBG many times over the past year or so but really the low stress multi bagger profits are to ride one of these from grass roots explorer to producer. If there's a low cap iron ore play with more leverage and better odds of success than ROY I'd be surprised.
 
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