Just need to be a little wary of the value put on Ferrous Resources. Last time I looked this was a private co. and was accumulating Brazilian tenements. No market price to value the holding by.
And the valuations of miners with promise (but alas no revenue) can be so volatile. They've only moved one way in the last 6 mths, but I vividly remember the collapse b4 that.
Also a question of balancing the advantage LRF gets from ground floor access to deals v's the fees Mr Donner charges.
Like the discount but not quite enough to entice me atm.
LRF Price at posting:
58.5¢ Sentiment: None Disclosure: Not Held
