EFE 12.5% 0.7¢ eastern resources limited

Worth investing in EFE?, page-60

  1. 4,307 Posts.
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    There are fifty -a hundred listed magnetite companies globally saying exactly what CAP are saying. The reality is it wont happen - two magnetite plays got away in the last boom -one went belly up and the other cost $16 billion and still not making a profit.

    Cap has a market cap of $48 million with a magnetite project that has no funding -light years from production . FEL has a market cap of $33 million about to ship DSO within months and make huge profits. You may be ahead at the moment -but as you are keen to say see you when FEL are $1 and CAP is still a few cents.
 
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