norlisk owns 2 percent

YT from ASF says

Mkt Structure
100m shares +40m 20c options

Cash = $10m + $8m from 20c opies (if exercised) = $18m

Mkt Cap un-diluted @ 40c = $40m with $10m cash, so EV = $30m

Mkt Cap fully-dilluted @ 40c = $56m with $18m cash so EV = $38M

It has a few Iron Ore projects,

Warriedar which is near GBG's Kara and thus GBG farmed in for a 60% interest, drilling has finished and results are apparantly imminent, I called the company and they wouldn't commenet much other than the fact that the AGM is tomorrow and they will be presenting results by then

Plateau project which they drilled and had multiple 5m hits of 56%Fe ore at surface

Tallering is a prospective project that is adjacent to Mount Gibsons Tallering project

Pilbara The company also has a few good Pilbara Iron Ore projects surrounded by RIO/FMG/BHP-Hamersley

US Uranium The company also has a very large US Uranium focus similar (though far less advanced) to BLR


Its interesting to note that the Russian Nickel giant Norisk Nickel owns 2% of the shares