Guys , I believe it likely the minerals are being left in the ground because it's cheaper than mining them .Pity it's not gold then there would probably be a script offer / merger .What's in the ground has a bargaining value , but at this time i would be surprised to see anyone fork out 100 million dollars for the company ie the market cap .Valuing the iron Ore at this time is problematic as it's early days .What most surprised me was the way the options money seems to have been spent & there doesn't seem to be too much concern about it .Crikey where to now , financially -another top-up from Jinchuan? Another sub-market capital raising is surely out of the question .
FXR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
