magnetite gurus: what is 500mt of mag worth...

Guru's,

I ask?: WHAT IS 500MT of Magnetite WORTH?


Location: WA - right next to MGX Extention Hill


History: MGX sold Extention Hill to Chinese Group Sinom in 2005. MGX recieved $52.5mn for 250mt.



So, ACS have at least twice what MGX sold right next door, and FE prices are up AT LEAST 100% since