This looks like an interesting company given that its...

This looks like an interesting company given that its forecasting US$40m pa free cashflow from May of next year, and they appear to have all necessary permits in place.

If the US has to import all its chromite at present then this company will fill an important strategic gap for them.

Also both Macquarie and Sentient are large shareholders.

So what gives? The market cap here at 12c is AUS$55m.

Anyone have a clue as to what piece of the puzzle is missing here?

There is no shortage of shares on offer.