Huang Chung
23-02-2012, 08:23 PM
Here's a Pilbera iron ore play that might be worth a second look.
In a nutshell, it's an iron ore junior, with some fairly much stranded, high grade, low impurity hematite deposits....pretty much like Warwick before they were taken out by Atlas Iron; or UMC, before they were taken out by BHP. The interesting thing is that they seem open to offers by other players, whilst hedging their bets by continuing down the path of developing their projects.
I've taken a stake, and will be interested to see how this thing plays out.
http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=663938
http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=664063
In a nutshell, it's an iron ore junior, with some fairly much stranded, high grade, low impurity hematite deposits....pretty much like Warwick before they were taken out by Atlas Iron; or UMC, before they were taken out by BHP. The interesting thing is that they seem open to offers by other players, whilst hedging their bets by continuing down the path of developing their projects.
I've taken a stake, and will be interested to see how this thing plays out.
http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=663938
http://stocknessmonster.com/news-item?S=RRI&E=ASX&N=664063