Its probbaly going to have to do a cap raise to bring more to bear but there is no way a company with 500 Million tonnes of JORC compliant Iron resource is worth only $22 million. (except a scandinavian venture on the ASX) If it was in the Pilbara it would be $1 a share easy.
Plus all the high grade gold and tin deposits they have yet to fully explore.
When you have the ex two most senior people of a government mining department on your payroll...you have to be on a winner.
SCR Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held