Recently acquired two big iron sand tenements from Rio Tinto. These tenements are so close to Bluescope steel's Taharoa, which has recently expanded production from 1.3mtpa to 4.0mtpa!
And if that's not enough, they also have a huge coal resource with scoping study done and JORC resource of 2.5 billion tonnes
With 140 million shares on issue and directors holding a huge bundle, I can seriously see how undervalued this company is at present
Above IMO. DYOR as always
HDG Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held