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
RDL,I am a little excited :)The share price is up almost 150% in...
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.954M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 19978 | 2 |
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