As I said major, my smsf is happy to hold equity in a known iron ore deposit at nil spot valuation to underpin an aggressive current U-program in full view of the north americans. I am a resources superbull long term and uranium megabull short-medium term and such a smallcap with real substance is a no brainer to fit my smsf's needs. Current market cap 13 mill now. Love those US breccia U-targets in U-producer territory. Check the number of targets defined in last Q report. If they find can develop quickly as feed to someone else's mill. And once again, doesnt look like too many long termers wanting to part with theirs at current levels and reckon plenty inc me wondering now how to get set for size. Answer to last Q is in bits I guess. IMBOOC
MFE Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held