I am looking closely at AQA but have a couple of issues...
market cap $4B seems too high for a stock that won't be producing much before 2012 - by then iron ore boom may be over. also looks like many of their resources are in joint ventures with the likes of Vale - their coking coal deposit in QLD is 51% owned by Vale, who have an option to purchase the prized asset if they want to !
initial inferred yallen hemitite jorc 112mt.., page-8
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