Will junior IO producers ever get fair value?, page-9

Hey mate,

I rode the IO junior boom ~12 years ago and made some good returns on Atlas, Brockman, Iron Valley, BC Iron, Flinders, and Strike.
Atlas' trucking operation atleast 10-20 bagged to $2/share, Brockman and Flinders went gangbusters, BCI went to $5/share (JV went FMG), and SRK went to $3/share to >$300m Mcap.
Back then SRK owned 50% of Apurimac, only pilot mined 8000 tonnes Fe, and PE was on the shelf with no roadmap to production.

All crashed when IO collapsed.

Atlas went to 3c which got TO'd by Gina.
BCI bought IOH just before IO collapsed (i think within weeks) then they fell only for Twiggy to buyout BCI's JV share for a pittance...i think BC(R) are now into salt but kept their IO royality with MIN.
SRK fell to 2.8c, which i picked up heaps.

I invested in SRK believing in their 2019/20 presso that PE mining would start early 2021, and after hearing they picked up 100% Apurimac. It was also nostalgic for me having bought them at >$1.50 back then.

In highsight i should have gone for FEX but i did well on SRK so...

The lesson here is to invest in near term producers as speed to market is crucial, and derisk at IO price highs.

Good luck all, and sorry if I offended, got the history wrong (memory is shot), or brought back bad memories to past holders of the above.

Holding ........plenty (SRK)