Long term posters on here will know that i have long advocated this ACS could be the next BRM - especially since BRM's large 1bn tn announcement a little while ago.
Now, BRM at $2 have a mkt cap over $220mn
ACS AT $35c have a mkt cap at $35mn.
ACS just announced 500mt of magnetite. Thats from 1 of their 2 WA iron ore projects. The other project (Katanning) is just as good. Theyve been drilling their for a few months (see annoncements) and results are expected any time. Drilling actually started at almost the exact time as Mount Gibson drilling and Mt Gibson results came out on friday.
Chinese steel mill owns 14%. Mng and others 40%+.
Watch this space!
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- comparable to a 50cent brm...see friday result
comparable to a 50cent brm...see friday result
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