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1. iron ore is in the toilet right now 2. MtBevan is magnetite...

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meerkat

21,239 Posts.

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06/10/14

13:58

Post #: 14080588
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Originally posted by malsbooks ↑

''Discussions are presently being held with joint venture partner Hawthorn Resources Limited regarding future exploration and drilling at Mt Mason North, and potential co-development of the Mt Mason North deposit with the adjoining Mt Mason project of Jupiter Mines Limited.''
Sounds interesting ---- I know - yet another vague semi promise, but what if, eh?. Anybody here with knowledge of grades able to make any conclusions from the Mt Mason figures:
MMC1002: 70 – 104m, 34m @ 57.48% Fe, and
MMC1008: 100 – 118m, 18m @ 61.27% Fe.
sounds pretty good to me but any comments from more knowledgeable holders?
Hoping
Mal

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1. iron ore is in the toilet right now
2. MtBevan is magnetite
3. it's a stranded deposit without a rail line
4. it will require $1b+ to get it off the ground
5. it has an Indian government master
6. NMDC have failed as a cornerstone investor

does any more need to be said?....

HAW Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held

LCY Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
15 Upvote

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