RE:New in townHi Username100,
$mms actualy raised and invested about 70M$ into the Iron ore projects and they are shovel ready. back in 2011 the iron ore projects alone gave mms a 165M$ market cap.
after the price of iron ore collapsed mms SP went down but the company kept the iron ore projects in good shape. now the iron ore is back in the 80's and can be valued for a lot more than 6M$(current book value). so what we are waiting for is an ASX listing that will give the real value for the iron ore projects and a buyer to buy the projects.
Add to it that MMS entered the lithium race with very rich lithium lands in australia and nevada.
But remember only iron ore projects can give mms 3 to 4 time its current sp.
good luck
mimi