To add to the last post - the AGO presentation concerning the t/o of FRS notes on page 6 that the combined group will have approx 1 billion tonnes of DSO. So.... if IOH get a big coastal Magnetite deposit then they will have pretty much the same 1 billion tonne scope. If they get some port and rail then AGO's 3billion market cap should follow - right? If it does then suddenly IOH look much more like a 15-18 dollar share. C'mon team IOH!
IOH Price at posting:
$1.30 Sentiment: LT Buy Disclosure: Held