MFE magnetite mines limited

Today's announcement is very interesting.Director Phillip Crabb...

  1. 4,672 Posts.
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    Today's announcement is very interesting.

    Director Phillip Crabb has "sold" 5 exploration permits to ROY at no cost. With the exception of recouping his legal costs and regom costs (a few thousand $$s), ROY are gettng the tenements which add to their existing Prairie Downs tenements.

    But read the fine print.....the 5th tenement is subject to a counter claim by....guess who....Hancok Prospecting (check the map attached to today's announcement)

    That's right......the mob who own Hope Downs!!!

    If Reinhart has pegged this prospect and is fightng Crabb/ROY for it, and....because it is near these other prospects....one has to like the potential for the dirt wouldn't you say?

    Okay, sure, maybe ROY won't get this EP license and will lose out to Hancok Prospecting but it still says something about the general area that you have to like.

    I think 2007 could be an interesting year for this stock

    Coop
 
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