Hard to believe how unloved and undervalued this company is.
They have multiple prospects across Australia in multiple commodities iron ore, kaolin, gypsum, mineral sands, salt, coal, gold. Pretty much cash backed with $6 million in cash.
Managment look top notch with strong contacts especially in China. They are active and making progress, even publish regular newsletters to holders with recent activities.
Top 20 own 52% and Directors/Company founders have skin in the game holding 12%. Not many shares on offer so is illiquid, but in the long run this will eventually work in holders favour.
This one if for thos with patience and a mid/long term horizon but for such people looks great value.
AKA Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
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