Nevada Iron is in a similar situation that Northern Iron was 3 or 4 years ago.A small mine with very high grades of magnetite close to local infrastructure.Northern Iron is currently under a takeover offer of over $500 million. It is very interesting to note that Mic Mullen and Ashwath Mehu were involved in the development of Northern Iron and both are major shareholders in Nevada Iron.I sense perhaps a bit of deva ju.
As always DYOR
NVI Price at posting:
$1.02 Sentiment: LT Buy Disclosure: Held
