Its probbaly going to have to do a cap raise to bring more to bear but there is no way a company with 500 Million tonnes of JORC compliant Iron resource is worth only $22 million. (except a scandinavian venture on the ASX) If it was in the Pilbara it would be $1 a share easy.
Plus all the high grade gold and tin deposits they have yet to fully explore.
When you have the ex two most senior people of a government mining department on your payroll...you have to be on a winner.
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