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27/04/10
16:56
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Brokers were buying today..
- Once the off-take for 200,000 tonnes of iron ore has been cleared, they'll have the up side to the higher Iron ore price
- It's a low cost mine,
- Great management team, ex senior executives at Dyno Nobel
- They've partnered up with their Indian Partner to manage the daily operations as you get greater efficiencies using an Indian team in India.
- Heaps of Roads and rail which is cost competive.
- On forward 2011 earnings this will be trading at a P/E of 1 FFS!
This will be $0.50 + in 12 - 18 months maybe sooner
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