RE:BGCWow... Rancher still has no clue as to what's going on.
The proposed valuation of the MWX iron ore project must be some kind of joke. Why would anyone pay $20M for that property when they can buy (FEO) the whole company for $10M?
- No Resource (at most 7M Tonnes based on old tech report)
- No current NI-43101 Technical Report
- No Economic Study
- Not on Tidewater
- Not in Canada
- No Qualified Person as per NI 43-101
- No experience in mining
- Last years drill results remain undisclosed
If you want to look at a real iron ore company, look at
Oceanic Iron Ore (FEO), they have:
- A 1.4 Billion tonne measured and indicated high-grade (66%) iron ore resource
- A completed prefeasability study
- On tidewater in Canada
- Experienced management team
- A $10 Million Market Cap which is 3 times less than MWX's $30M MCAP
Something fishy going on here (and its not just Ranchers breath)...