Re: mr smith better hurry or magpie iron stays in the ground during his lifetime

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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bluebird

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Re: mr smith better hurry or magpie iron stays in the ground during his lifetime

posted on Nov 15, 2008 12:00PM

I think you miss the point

This is an enormous resource More than one billion tones @ $70/ton = $70 B $35B for FNC Discount 10% $3.5B = $100/share

It will take several years to develop and by then the supply will be down and the demand will be there

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