Mt Gibson Iron have a market cap of almost $500m, and they're...

Mt Gibson Iron have a market cap of almost $500m, and they're selling ore.

Their costs are about 50% higher than what AKO are expecting, which I'm sure AKO costs are also using conservative numbers.

They've got money in the bank, and other assets.

There are a number of things that are positive about their situation, but I'd rather be (and am) in AKO because there is a lot more upside potential.

There's a reason their enterprise value is almost $0, I haven't done a deep dive, do o can't tell you why that is, but I can tell you they've got 1.21 billion shares on issue, and we have 1/10th of that, with a top 20 who, apart from Stu Crow, are adding to their positions.

I've pretty significantly increased my holding in the last 2 months, and I'm really comfortable with that decision.

I can't see Jerry posts, but I've got this question... What companies are you invested in that have more potential than AKO?

AKO have a great CEO and board, a world class resource, a very low cost start-up operation that will fund the bulk of expansion, and 3 (admittedly) non binding offers - bit it's still early days.

I think it's a great opportunity, but it's your call Jerry.