IOH RIO

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  1. crisstoff
    1,895 Posts.
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    24/11/09
    14:04
    Post #: 5955024
    Agree kevin103, lucky to have got some after announcement. Kicking myself as I looked at them a few weeks ago!

    My first idea is that RIO will buy or JV the Iron Valley Deposit. This will provide funding for comissioning Phils Creek and to drill out Bucklands.

    Bucklands is starting to look great imo and in itself has company making potential.

    All this for $200M - had to buy in and will add on weakness.

    Reminds me of UMC, but with multiple Projects.
    IOH Price at posting: $1.73 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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