A while ago I recommended Iron Ore Holdings (OTC:IRNHF) as an interesting play on the iron ore price as the company's business model was quite straightforward. It explored to find iron ore deposits in Australia's Pilbara region, advanced those projects and then sold them to other companies. So basically Iron Ore Holdings could be seen as a prospect generator and the operational risk lies with the companies who acquire the projects with a goal to bring them to production. Now the iron ore price has crashed, I was wondering if it still makes sense to be a fan of Iron Ore Holdings.
As this is an Australian company with Australian assets, the liquidity on the US exchanges...
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