Entry for STT list HNR a FA pick. Long HNR = Hannans Reward Ltd HNR SP is down due to SPP at 15% discount closing 26 October 2012. The SPP will be filled OK. Positive recc by FP. Funds will support development of HNR's iron ore deposit at Kiruna, Sweden of of 474Mt @ 40.5% Fe. HNR has another iron deposit at Rakkurijoki, Sweeden to scope and also plans to drill at Kiruna to define more resource. HNR expects to sell nickel deposits in WA by year end = Forrestania, Lake Johnston and Queen Victoria Rocks. HNR hold Atlas Iron shares to around the value of HNR's market cap ($12M).
