MIS midwest corporation limited

I would rate these as the two best junior iron ore plays. But...

  1. 1,563 Posts.
    I would rate these as the two best junior iron ore plays. But does anyone have an opinion on how they compare - which will perform better over the next 6 months ?

    Here is quik snapshots on both
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    MGX

    HEMATITE
    Target 30 Mt 62-64% Hematite = 15Mt Fe, Mined 1.5-2 Mtpa x 10 yrs

    1. Tallering Peak, 19.5 mt @ xx%
    2. Mt Gibson, 12.8 mt @xx%

    MAGNETITE
    3. Mt Gibson [Koolanooka, Wolla Wolla] 231 mt Magnetite [my estimate @ 60% Fe = 140 Mt Fe] , 2.5+ mtpa x 20 yrs

    15 mt Fe Haemitite +
    [my est 140mt Fe Magnetite]
    Tot = 155 mt

    -----------------------------------------------------
    MIS

    WA, HEMATITE
    1. DSO Project [Direct Shipping of Hematite Ore] Blue Hills, Koolanooka,
    JORC Resources 9.1 Mt @57.9% + Reserves 7 Mt @ 58% Fe = 9.3Mt fe, expected 1mt pa x mine life 7+ yrs

    WA, MAGNETITE
    2. Koolanook Magnetite. JORC est 430 Mt @ 35% Fe =150Mt Fe, est 4.5Mtpa x 20 yrs

    3. Weld Range Magnetite. 60Km strike, potential 400-500 mt [ eg @ 60% Fe = 240-300 Mt Fe]. Est W14 Lens has 132 Mt @ 65% Fe; W7, W11 Lens has 20 Mt @ 60% Fe. Current JORC resource, over only 3km 132 mt @ 55.6%, Extensive drilling targetting 15-20 yr mine life, 15-20 Mt pa

    4. Explorations, Blue Hills, Jack Hills, Robinson Range, New Forest.

    9.3 Mt Fe Hematite +
    390-450+ Mt Magnetite
    Tot 459.3 mt

    DSO project est $100m profit over 7 years. FOB cost $32/t
 
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