MBM 3.33% 3.1¢ mobecom limited

2 billion tonne hematite target with $7m cash , page-21

  1. 696 Posts.
    It is worth being involved in WPG just to be involved with a peculiar knob!!! LOL.

    Magnatite worries me as it may not be so economical to process it going forward. They do have some haematite so all is not lost - they have been on my watch list fort a while and will stay there for the time being.

    As for WGO in the ROC and transport and drilling issues, I have no problem with the company proving up a massive resource. It just comes with a timing risk and a dilution risk if it becomes a protracted process.

    Companies that are forever going back to their SH's wear me down - but it does beat being diluted by the big institutions!

 
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