Based on this announcement the stock must now be substantially revalued. The unconditional agreement has confirmed all the terms of the contract - including that the company is sufficied that at least 200MT of iron ore exists. Remembering that at 3c the company had a tiny market cap of just over $7.5million which should now be significantly revalued. This is an amazing opportunity that should not be missed. I will be buying this up to 10-15c as this has now transformed itself to a potentially quality Iron Ore spec with a significant resource.
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