Crabbs purchase is already in the money. He is only mopping up the crumbs. Though he missed out on the 100,000 at 6.5c
Still I agree that it shows confidence DDzx. I don't think Phil Crabb bought them just for a fraction of a cent profit. Good news must be just around the corner
I liked the recent news about the dry coarse magnetic cobbing tests and also they indicate that most recent drilled holes are showing 100m of mineralisation at Ironback Hill.
When you look at how many Kms' of strike there is, I don't think they will have any trouble eventually of proving up the exploration target of 4.8B - 8 Billion tons
I think I will hang on to my options
Ton io
MFE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held