If this thing gets off the ground again it will be testament to...

If this thing gets off the ground again it will be testament to the powers of a jungian collective imagining by investors wanting sometjhing to be the case, and ascribing little or no weight to the facts of the stock.

Now it might well be that enough additional punters will wake up tomorrow and want in, but it will be more likely be due to the market psychology than any established and trusted method for ascribing value to a company than was in that announcent today.

There are several iron ore speccies that are going to do well in this cycle. They tend to be the ones that reward investors who are patient and do not make by unsustantiated annoucments that are driven by hype.