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05/31/13 9:16 PM

#132501 RE: hispeedsoul #132497

Considering the mine has a resource of 182.6Mt at 52.7% iron and iron ore is about $130 a ton for 60% iron they have at the top $2B
It is actually a small iron mine and the terms of the deal are not really that bad.

And since after all they got a check they are probably doing much better than SRSR.
There is also the security to the investor of being on a normal exchange and only 200M shares. With a 28M market cap they show how over priced SRSR really is.
Scott should start talking to India. The chinese are not going for the bait