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.
MFE Price at posting:
24.5¢ Sentiment: ST Buy Disclosure: Held