solution6 all your reasons are valid and still apply. SHaws have a 40c target on the stock and its not because they thought they were going to announce 500-1000mt today. That is their target not their first up resource ann. also i think its conservative and doesnt include the fully owned ROY stuff around razorback ridge.
Go back to diggers and dealers presentation and find me a reason to sell the stock???
The DTR 63% is the concentration that the ore beneficiates to when they grind it to a certain size. They get a premium on the price depending to what concentration they get it with 70% being better than 50% for eg.
The cost for grinding etc is more than for teh DSO of hematite resources but you get a higher price. The capex is higher for magnetite but resources are usually bigger.
cheers CI
MFE Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
