MFE 0.00% 1.0¢ magnetite mines limited

277 million tonnes, page-2

  1. 442 Posts.
    Maybe more than that to go.
    10km targetted strike length, which I seem to read into it that about 15km of ore bearing length exists, so target length may increase.
    More results later this year.
    I see their 3km of testing shows a 26% Fe reading.
    But table 2 for member B shows an average 63%Fe with DTR grades versus size.
    I hope some learned poster can explain this to us more naive people.
    Their initial assay value was 63%
    Albeit, looks like a pleasant day tommorrow.
    The reason I bought into this stock a few months ago was a 50% chinese partner.
    No accomodation required,no rail hardly required & electrical supply already there.
    Short haul to port or Whyalla steel city for processing.
    The west had been overshopped & a lot of people had forgtten about Iron Knob & that South Aust had been a big player in the 70s.
    This stock stood out as a cheap entry to a play.
 
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