It really doesn't matter how much ore you have its whether you can move it... Take BCI for example they have 36mt at Fe57% of which only half is attributable because they gave half the deal to FMG to get it on a ship... so they basically have 18mt of iron ore and they are worth 220m... not far off IOH who has 36x that amount... The reason being they are selling 1.5mt a year and making profits while IOH is sitting on its resource waiting for the right deal and is years and years of production... IMO if your looking for a quick buck go for companies closer to production IOH is for the long term holder... Unless your research indicates they are not far off an asset sale or JV deal...
IOH Price at posting:
$2.07 Sentiment: LT Buy Disclosure: Not Held
