I won't be surprised if you don't see dividends for a number of...

I won't be surprised if you don't see dividends for a number of years. IOH needs cash to support its mining ventures. Iron Valley will only produce a fraction of the money it needs to develop the next mine and port. distributing cash will only reduce our equity in the future mines and therefor reduce share price value medium to long term.

I would much prefer to see share price growth than half a cent in a distribution.

Just my 2 cents worth.