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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Condor who wrote (28605)	3/15/2004 6:42:26 PM
From: E. Charters	Read Replies (1) of 39344

magnetite, that fabled and rare mineral! how fascinating and alluring..! magnetite is practically worth its weight in solid steel. no, don't need any. I know where there is 5.4 billion tons of 50% iron. Suitable for shipping to chinese sources. It has excellent smelter characteristics. Hard to compete with Aussie sources though. would only cost about 200 million to develop. Have to have your own fleet of iron ore carriers to get it to market. Damned if I will pay PM and fils my profit. EC<:-}

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