update strikes interest in peruvian iron ore , page-30

Thanks for your informed comment Peiper.

Agree the new JORC should be a cracker and will confirm the AF projects as world class. Funny thing is, I reckon there will still be many more JORC upgrades in the future as well cause the acreage they've got is absolutely humungous.

Xstrata, were they the ones who made last offer do you think or just solely a party who you think may be interested in the project? Just out of curiosity that's all.

As you all know I'm currently not holding but looking to get back in sometime but in all honesty I actually think the SP has held really well compared to other peer's in the industry. Go back to Feb and the SP was around $1.30-$1.40 and fast forward to now the overall market has deteriorated significantly and the SP is $1.90 and in between it's had a high of $3.10 and a offer of US$650mil on the table for the AF projects.....when you look at it this way, I actually think shareholders shouldn't be too disgruntled with the performance of the SP!

Good Luck All