good news , page-15

RDL,

I am a little excited :)

The share price is up almost 150% in about 6 months. Is that not reason enough???

The exciting thing is the estimates from the brokers came in at 40Mt with a 2Mt mine in a low capex setting.


It won't take much corporate interest to make this baby pop. We have already had a major chinese fund invest for a 7% holding. What does that say.

$200m here we come! We are wll on the way to pushing past the $1 mark!


Some more from the Australian on Commodity Futures:

The highest cost iron production is Chinese. As this is taken out of production in a falling market, Mr Hynes estimated that iron ore prices could dip below $100 a tonne for a short period before stabilising at about $100-$110 a tonne.


Cheers,

SF