re: Ann: Option to Purchase Buena Vista Iron ...
Very little up front cash to fully get a handle on it. A lot of the field work done with IO spot price at US 140 a tonne, close to infrustructure. I think they have done a real good deal, I especially like how they can issue shares at a price later on at higher price. A lot of work to go but for a 4 mil MC they are certainly aiming big. Lot more work to go but looks like a reasonable project. I do like that most of the grunt work has been done and that is a huge cost saving and saves a lot CR dilution, any other thoughts?
RHM Price at posting:
15.5¢ Sentiment: None Disclosure: Held
