First of all - recently raised $3million at 3.0c. Current market...

First of all - recently raised $3million at 3.0c.

Current market cap at $1.8 million

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