under the radar ex fmg with news flow due

Just started to research this one after a broker mentioned it to me and what a stock.

They will be the lowest cost pig iron producer in
the world and have mining rights of all of Indonesia.

Is currently advancing its Jogjakarta Iron Sands Project through feasibility stages and has recently commenced production at its high grade Mangkok thermal coal asset in South Kalimantan

In early stage discussions with POSCO around providing feed stock for its Krakatau Steel Facility located near Jakarta.

They also have a potential - 60-90Bt
of coal resources...enormous!

Recently commenced production ramping up to 50,000tpm

Check out the management getting into this penny stock for starters.

Martin Hacon (Managing Director/CEO) former Vice President New Zealand Steel, responsible for the iron sands business, by-product and steel manufacturing businesses.

Chris Catlow (Non-Executive Chairman) former Director - Business Development, and founding CFO of Fortescue Metals Group (ASX:FMG).

Derek Fisher (Non-Executive) MD/CEO of Moly Mines (ASX:MOL)

Paul Kopejtka (Non-Executive) Executive Chairman of Murchison Metals
(ASX: MMX)


Its a tightly held with the top 40 holding 80% of the stock.

Location
The deposit is located close to key
infrastructure:
Port load out within 30 kms
Major haul roads established
and operating
Mining on same coal seams
on adjacent blocks
Coal Features
3 to 4 metre thick seams
outcropping at surface, average
6,000 to 7,000 kcal/kg high quality
thermal coal