It's pretty tiny, so it is probably a combination of #2 and #3; a plastic fridge magnet is probably not gonna do the job. Do you have any old speakers or hard drives you could scavenge a stronger magnet from? Hard drive magnets can be really, really strong. I've got one from a fat ol' 500 MB drive that requires a putty knife to pry off the fridge. A reasonably strong magnet should be able to pick up Rice Crispies.
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