Did anyone notice the new data on McPhee Creek in today's AGM presentation??
'Initial Expoloration target 100-140 Mt @ 57-60% Fe.'
'Potential for larger tonnages if interpreted shallow folding is verified by drilling.'
And there's Mt Webber that's good for another net 30 Mt of high quality ore as well.
And, despite a very nice rise in the share price, the stock is still has an EV of just over $1 per JORC resource tonne. If the current share price is maintained, that EV should slip to UNDER $1 per JORC resource tonne when the initial JORC resource for McPhee Creek is added to the 132 Mt of current JORC resource before year's end.
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Did anyone notice the new data on McPhee Creek in today's AGM...
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