A T/O offer is a distinct possibility E. however, you notice I...

A T/O offer is a distinct possibility E. however, you notice I am not forecasting when that may be timely.

Obviously, any such approach would be rejected this year and probably most of next. However, the prospect of a suitor appearing as the Company approaches production is certainly not out of the question. This project is eminently viable and will sit in the lowest quartile of operating costs.

I believe that with the way things are now heading for this Company, the appeal of a low cost, high grade iron sands producer, with potential to double production and a highly profitable ancillary use for the product as alluded to, will be of great appeal to an entity wishing to control it's own production rather than pay the middle man.

If this scenario does not play out I would be surprised. However, in due course, Amex is proceeding with their plan to ensure that it will be in highly profitable production early 2018 when the sp will obviously, more accurately reflect the real worth of the project.

If you are a patient investor, I believe at this stage, following many delays along the way, now is an ideal time to enter this stock. Other's are obviously beginning to see the same opportunity judging by the recent strategic accumulation.

I do not see many other opportunities in the market atm to inspire as much confidence in an opportunity to multiply your capital as greatly as this project does (10-15 bagger?).
Remember in the early stages of this company the stock exceeded $1.70. I still consider this conservative as this Co. approaches production. Then we'll see some action!

Slow and steady wins the race