MFE 0.00% 1.0¢ magnetite mines limited

I doubt it will be a 4.8Bt resource announcement. Flissy has...

  1. 2,000 Posts.
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    I doubt it will be a 4.8Bt resource announcement. Flissy has been very conservative in the past and there just hasn't been the time to allow for drilling that sort of tonnage. ROY announced a target of 500 to 700Mt for the resource upgrade, and they suspended drilling half way through that for NT negotiations.

    No, either a tie-up with a JV partner, a t/o, or a capital raising to bolster their cash position in any negotiation. The market is looking shaky and its no secret that once ROY pays for current drilling and PFS they will be penniless. Now might be a good time to fill the tank.

    Don't rely on my opinion, though - WOOF!

 
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