Had this stock on my pipeline list since it announced its $2bt Target... Takes a long time to get set in such a thinnly traded stock...but if they do make the target this will be valued with the likes of SDL...
I reckon the 2bt 60+% fe target refers only the the High grade Cap I would hazard a guess there is a fair amount of sub DSO grade 35-50% fe underneath it. As this is the case with almost all Fe projects in this region. Lets hope..
Time will tell...All is IMHO DYOR
MBM Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held