Alderon Iron Ore Corp. (AXXDF)

[KaiserSoze]

BMIN has a market cap of $23mm with no cash and no hard assets. MOU also stands for BS. Typical OTC scam...300mm shares outstanding already with no cash. If they were to raise money, the float would easily get to 600mm. As tempting as the "MOU" sounds (i.e. the value versus the market cap), I smell the BS a mile away on this one.
And why would AXX buy this POS when they are on the verge of putting together over $1 Billion in financing for their project in Labrador???