2/3 cash backed, page-10

Reminds me a little of FMG. Good company, well managed but high debt and low iron ore prices had the market thinking it might be unable to repay the high debt and perhaps go bankrupt. Price collapsed to $1.50 as instos were selling at any price just to get out. Then iron ore prices began to recover by more than the market was expecting. One year later the stock was back up to $7. You don't normally look for such big moves on larger market cap stocks. Smaller ones like ORR can more easily move that much with sentiment changes as we have witnessed recently in the downward direction and just before that, in the up direction.
We will need positive developments in Tanzania, or a new acquisition in another country acquired on the cheap. Then a recovery of similar magnitude to FMG will be on the cards. Meanwhile the stock changes hands.