bargain levels

wonder why the market's so shy with this one. But can't be seen to be ramping - and I am not - as who doesn't want the price to stay low if they themselves intend to consider topping up their own holding as cheaply as they can. Hard to understand no movement and lack of interest - but of course market wary overall and iron ore price unknown as to direction. To my mind, and others have said the same, IOH is not only one of the cheapest explorers in Australia, holding over 60cts a share in cash, they have three standalone projects they can sell, JV or start developing themselves. Will FMG take up the IV option? What is the Kerry Stokes L/T position? Is he a miner or not? A lot of unknowns - and if the mining tax is demolished, outlooks will be better. Was $2.70 at it's heights - and that before more good news - (and this vicious mining tax) - could it be that again?
And if so, when?

I am changing my sentiment from hold" to "buy". Call me an optimist!

If only we had that crystal ball. But I contend this one's a sleeping beauty! Just requires patience.