Ann: Positive PFS Results for Razorback Iron Ore Project, page-683

Imo the market got it wrong and oversold. Mgt going for lower cost and risk to enable easy funding. People selling are discounting the low risk and not having the massive capital cost. Management have skin in this project so they have gone for the low risk option


Cap are going heavy cost for hope of better return. How is Cap going to fund it. Ok they get offtake but then shareholdees will need to stump up more and get massive dilution.

BTW mgt market cap is $160million which is extremely cheap. We should be at 8 to 9c imo and mgtod (even more dirt cheap) should be at 4c for starters. if you don't get on