MFE 0.00% 1.0¢ magnetite mines limited

westaussie.They are right-just a little bit early for drill...

  1. 442 Posts.
    westaussie.
    They are right-just a little bit early for drill results.
    However they are a known quantity of 63%Fe thereabouts 7 this drilling is only to confirm & use modern practices to analyse.
    Last assay was in 1960s-why we may even have a few more metals there.
    If your rumour of directors going to SA is correct-it would be more likely to meet with SA government for state support on project & I would expect that that government would be very supportive.
    They were No.1 for iron ore back in the hey day of Whyalla &now uranium is their main play.
    I'm sure they would want to add the diversification back again with iron ore.
 
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