Macarthur Minerals: Slow and Steady, Continues to Deliver by Chris Berry

We recently met with Joe Phillips, COO of our current favorite iron ore junior, Macarthur Minerals (MMS: TSXV, MMSDF: OTCQX) and thought it important to discuss recent developments with the company. To wit:
- A 36% increase in the hematite (direct shipping ore) resource estimate at the Snark deposit to 9.7 million tonnes grading 55% Fe.
- MMS has capacity granted at the Port of Esperence ¡V currently being upgraded to handle 19 M tonnes of ore per year up from its current capacity of 8M tpa. The port is 120 km from MMS¡¦s Lake Giles deposit.
- Key additions to the management team of Mr. Chris O¡¦Brien and Mr. David Larsen ¡V individuals with extensive knowledge of the iron ore industry including mine building and geology in Western Australia.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]