Not sure how much to value SRK assets given current climate, but the company is cheap and oversold, major players in the iron ore sector a still hungry to secure long term world class assets at current depressed prices and SRK fits this imo. Also not much talk here about the coal project? Could provide further interest with update next month.
posted before;
"could actually say that 50c is the top of the base with 25c the low from Dec giving 75c price target....which would be near 200dma over next few weeks....ill think about that"
More and more i look at this the more a like 75c once 50c is cleared.
SRK Price at posting:
48.0¢ Sentiment: ST Buy Disclosure: Held
