plus 21.7% on a down day

Only 30mn shares in issue.

Hardly any offered.

I expect to see much higher bids over the days to come as investors tale note of the huge iron ore landholdings this company has.

They have received excellent results in 2010 - see my earlier posts ot ASX ANNs.

69.9% Fe after benefication - with exceptionally low costs.

With $2.5mn on the balance sheet at 14c the EV is only 1.7mn.

To my mind a fair EV for MWN is at least $10mn - $20mn which would put the SP at 42c - 75c and the oppies at 17c -50c.

Anyone want an undiscovered multi bagger?

EB