find yours and get on them; june for iron ore, page-41

for the dark horse, MDX is one to look at.


When it comes to Iron Ore:

Preferred deposit - DSO Hematite
Preferred Location - Australia


From an investors perspective in view of the long term, GWR is the king, but if your a trader don't even bother.

Mkt Cap: $60m
Cash on hand: $25m

GWR biggest hematite resource in the midwest, currently standing at 126MT, massive upside remains.

targeting a 10mtpa operation.

signed up 5mtpa offtake to Hunan Valin Steel (Yes same steel co as the recent FMG placement)

Major Shareholders: Cliffs Resources 18%, Fairstar Resources 18%, Hunan Valin.

No broker coverage, Low liquidity... just the types I like to accumulate ;)

Hurdles: Questions over management, Financing to fund the 200km spur to Midwest rail network.