Resurgere Mines ............ A penny stock CMP 0.50paisa ... value buy

Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines.Calibrated lump ore is the purest form of Iron ore with a very high iron content. It is a high valued material and is used in steel industry. RMMIL sells most of the CLO in the domestic spot markets. Iron ore fines are by products of CLO and it does not have much domestic demand. Hence, 90% of its produce is exported to China.Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines.Calibrated lump ore is the purest form of Iron ore with a very high iron content. It is a high valued material and is used in steel industry. RMMIL sells most of the CLO in the domestic spot markets. Iron ore fines are by products of CLO and it does not have much domestic demand. Hence, 90% of its produce is exported to China. BUY CMP 0.50paisa , with a view of holding 6-8 yrs