GREY:DREXF - Post Discussion
Post by
GDAWG77 on Jun 16, 2008 11:54pm
Iron-Ore plays NAU and DOX
NAU released 2 results in January 2008. One was 61m of 39%Fe and 52m of 42%Fe and they had only .1-.15%Cu, and the stock was at $2.20 and wen tto $3.20 with 110m shares oustanding.
You cannot tell me that if DOX has 7 holes conisistent with these grades that it wont go over 50 cents. Its an easy 50 cent 1 dollar play if all holes are the same. Yes right now the 2 intercepts are small, but thats why this play will grow as we get more and more intercepts.
DOX
15mil O/S
19%Fe .7%Cu .1g/tAu over 7m
Price tonight .185
NAU
110mil O/S
39-42%Fe .1-.15%Cu over 61, 52m
Price Now: $3.78
When the results came out for NAU, Iron-Ore did not start climbing yet, because of the climb the stock has risen from the high demand of iron-ore.
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