I'm talking about a strong magnet supported say 8cm above a (wooden) bench, a piece of mild steel on the bench under the magnet but held by some simple mechanical means.
When the piece of mild steel is released it jumps up to the magnet so work has been done lifting an object.
Now can this be done say 1,000 times, 10,000 times or a 1,000,000 times surely this means the magnet has tremendous energy reserves..no?