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
Looks like the cheapest proven magnetite and potential DSO...
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $198.1M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.0¢ | $210.1K | 770.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 224393 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 69998 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |