Charlie,
There are a number of factors that work in favour of this company
1)Infrastructure. The company says that they have rail and port access available.
2)The conceptual size of the resource is large.
The negative is that magnetite requires large capital expenditure to bring the ore to market. See for example GBG.
Also magnetite companies are not in favour in Australia at the moment. See the share price drop of GBG and IRD among others.
I don't see this as a one way bet, but am looking for an appreciating share price over this year with a more significant move if a few million tonnes of DSO can be found.
Charlie,There are a number of factors that work in favour of...
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