Hello Thor-Minator, agree MAGNETITE will be a wanted resource, how much at Molyhill, well don't really know, but have been out on the Plenty Highway to Jervois and that BLACK stuff is all over the place on Arafura's tenement now subject to the following
http://imagesignal.comsec.com.au/asxdata/20090420/pdf/00945164.pdf
Have many Jpegs of Jervois proving the magnetite is there and close to surface, therefore somewhere down the track, things/reality/mining etc could really happen for both companies. Agree rail is close, but not close enough to Jervois, so somebody has to build a rail or upgrade the Plenty Highway.
THR sp atm a very attractive LONG TERM HOLD
Time will tell. Always does
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