We have now, a mine site with up to 160 Mt of marketable ore at 60% Fe. The mine site is neighbouring Iron Ore giant Vales The tenement we will own has its own plant production 1..8 Mtpa. We want to ramp it up to 5Mtpa. We are going to produce late 2010, THIS YEAR! We have iron ore prices on the rise.
And the crazy thing is we have a market cap <$10m !
Look at BC Iron, Similar characteristics and its Market cap is $121m!
10 Bagger right here IMO.
RVE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held