Strikes market cap is $193m. There is around 100m shares on issue (fully diluted). Unlike the paper factory SDL. Huge difference between SDL and SRK is that SRK actually has a resource. 172mt of JORC. SDL hasnt even drilled a hole yet. I suppose SDL has the hype behind it which I believe SRK is looking to change.
I hear there is an institutional roadshow starting shortly. That should bring some interest into the stock.
This has to be the cheapest iron ore play (with a JORC resource) that I can see. Please tell me if I am wrong.
Pity it closed down today but it cant go up everyday. I think it needs another crack at $2 before we head to $2.50.
Exciting times ahead. I have been buying on weakness. Snapped up a few cheapies at $1.94.
Last chance to get set before it roars through $2 again.
Good luck all.
Strikes market cap is $193m. There is around 100m shares on...
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