From MMS/MIO9 Dec 2021 00:57
Macarthur Minerals (TSXv:MMS/ASX:MIO)
Iron ore prices have rebounded strongly, trading over $110.00 for 63% FE, up from its recent low of ~$92.00. Chinese imports rose 14.6% in November hitting their highest level since July 2020.
Macarthur Minerals continues to drive forward to complete their feasibility study, potential DSO operations and commencement of their works programs on the Infinity spinout assets (well financed to begin work).
Macarthur has rebounded from its low in the $0.30 range, trading again near $0.40, but still well off its high of $0.70 seen earlier this year.