FRS
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21.4% 1.7¢ forrestania resources limited

Agee hematite. Without attraching the wrath of UMC holders (I am...

  1. crisstoff
    1,895 Posts.
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    09/06/09
    13:21
    Post #: 5256729
    Agee hematite. Without attraching the wrath of UMC holders (I am one), I see FRS as very undervalued in comparison to UMC.

    Market Cap. of FRS - $40M against UMC - $ 154M.

    They both have potential for increases in resource (FRS has more at the moment). Yes UMC has less impurities, but they both have infrastructure issues. However FRS is a member of NWIOA which has possible advantages.

    Would be interested in your comments.
    FRS Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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1.7¢ 		Change
0.003(21.4%) 		Mkt cap ! $2.750M
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