mis/mmx/gbg....a bit like choosing chocolate, vanilla or strawberry...they're all good. Have had MMX - out for the moment...in GBG as I feel this is the sleeping giant...
from GBG's announcement today.. this is bigger than MMX.....
What this exercise really revealed was that, in equivalent terms, the Karara Magnetite resource is comparable to a very large hematite resource of more than 550 million tonnes with an average grade of 68-69% Fe at a waste to ore ratio of about 2.7 to 1.0. This makes Karara equivalent to some of the very best iron ore mines in Australia. It is truly a world-class deposit.
It is truly a world-class deposit - how much of a bigger hint do we need? Then there's the Hematite project which just had a 70% upgrade and the exiting prospect at Lodestone which could be as big (or bigger) than Karara....
Make no mistake, and sorry for GBGíng on the MMX site...MMX is a quality stock. Looking good for both.
Good luck all.
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
