iron ore penny stock, page-8

I'll admit to bias in my suggestion, but CAP has everything going for it. Market cap of around $70M, and it has a stakehold in a project with 220Mt of high grade concentrate. Potential resource is upwards of 1.5Bt of concentrate, making it possibly one of the top 10 iron deposits in Australia.

The company is free carried (pays no CAPEX) to a net production of 4MTpa, and when you factor in the JV deal with BMG and look at it's other tenaments being developed (Tin, Tungsten, Coal) I reckon CAP will have a market cap of $2B by 2016. This would make it a 30bagger stock in 5 years from these prices. Not bad in my opinion.