I have done research on this company over the last 3 days - a real long term follower, lol. I like them at 20c with their holdings in ero, some cash reserves and tiny cap. My only real question is how long will it take to prove up BIH - surely if 250,000 oz are already realistic they should be embarking on the initial scoping study now? Their other projects look more promising but, unless you are a geologist with insider info, it is far to early to get excited about them. They may or may not have value. On this basis the shares make lots of sense at 20c (effectively getting the projects for free) and if BIH will go ahead/Narndee actually has some cost effective iron ore they probably make sense above 50c.
MXR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
