MFE 0.00% 1.0¢ magnetite mines limited

This stock bears research by astute investors.62% FE large...

  1. 442 Posts.
    This stock bears research by astute investors.
    62% FE large deposit.
    Assays done in 60s & just being re drilled currently.
    40 km line only needs to be built to Broken Hill -Port Pirie rail line & I think the SA government will be very accomodating to their needs.
    Just outside Peterborough & no accomodation needed to be built.
    Electricity is available & sufficient.
    They have a JV with a Chinese steel mill & investment cash.
    This should minimise rights issues.
    Don't forget SA was the iron state before WA.
    That's why Whyalla is there.
    Very good chance to treble current SP & maybe more.
 
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