I guess it's a friendly take-over of IRM. lol
They have only 1,5 Mio. cash, 120 Mio. shares out at 9 cent and a Total Inferred Resource of 17,48 Mt at their Wandoo Bauxite Project at Central Bindoon.
If there is no mining allowed in Bindoon area, nobody ever will mine there. Nor Alcoa, BHP, IRM and BAU, nobody.
I guess it's a friendly take-over of IRM. lol They have only 1,5...
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