"how can any one believe this is going some where."
Its a market phase. Banks and leaders have taken the market to five year highs, and now the next phase kicks in. The market looks for forgotten and abandoned specs. My guess is that the big Clive factor is at work here.
I really have no clue, but I have learnt not to ask too many questions. Assess your risk profile and act accordingly.
With the market in a major new uptrend phase (obviously my own opinion) I think we will see a lot more 'ARHs'.
PS. I don't see the world being awash with iron ore. Its extremely expensive for new mines to start up, and even expansion of existing is expensive. Costs in Australia have just about ruled us out of massive expansion any time soon.
ARH Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held