r.i.p, page-8

lets look at the facts

800mil shares, 400mil sold to the market in the last 12 months - very liquidated stock.

has less than $2mil in the bank so doesnt have anymoney to do anything with this iron ore

Their focus is diamonds, not iron

at 15c it has a market cap of $140mil ?!?!

best bet is they get somone else to mine it and they take a royalty

If they did it themselves and got to the stage where AGO will be next year with an output of 1 million tonnes P.A then it gives them a price tag of 60c with their massive market liquidation. if they liquidate their stock by half again like this year to raise more capital that will then give them a price tag of 30c at that output rate

I would be selling now.. people who got in first know it too hence the heavey sell presure now.

buy and be burnt!