Looks like the cheapest proven magnetite and potential DSO hematite operation on the ASX currently.
I bought in based on the fact that the manager was keen to get 3M shares at a significant premium to market prices and that Beyondie could be a project of significant scale once Jorced to a target resource of 1-3 b tonnes FE.
This stock moved to 1$ / share in 2009 and imho that could happen again if they can advance some of their negotiations with the chinese to jointly develop the Beyondie project.
I would be satisfied with a 50 / 50 joint venture and us being free carried...now that would put a rocket under the sp.
With the directors being directly involved with their significant shareholdings I can see some nice developments on the horizon.
Cheers
Ann: Emergent 2011 Strategy Presentation , page-4
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