Interesting comments by one of the brokers they interviewed on CNBC - Trading Matters program earlier, recommending Iron Mountain (IRM). In brief he outlined the outstanding potential of Hematite discovery at Mt Richardson, noting the imminent key drilling results that the company is ought to release any day. He also commented on the large portfolio of projects held by IRM. I'll be looking to take a position over the coming day or two - its a great company with sound management. Keith Whitehouse (CEO)was a board member Oxiana and was also a key advisor to BHP or many years.
Just remember that it went from 15c to 60c on rock chip samples - imagine what it will do once the drilling results are out. Its not rocket science. With the demand for Iron Ore ever growing this small cap company could easily rise to $2ps.
buy recommendation on cnbc trading matters
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