There are a few adjacent projects that are of similar size and another further north. All have failed to get off the ground. Next door had a case using pumped slurry with two alternative pipe routes. There is an case for using the abundant hydro power and producing green steel which makes a better case for rail.
With the end game just a sell off then there is no real upside. If you are in at 0.1cents maybe you will get double or treble your money in the longer term. I am in at 0.15 cents. The EUR shares could have the potential to do this but they have sold down. It is a $10M company paying the chairman the equivalent of a $200M chairman.
I am hoping that a real good announcement will jump it a little higher and then I will jump.
There are a few adjacent projects that are of similar size and...
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