Ok well obviously nobody follows this stock. Just wanted to add...

Ok well obviously nobody follows this stock.

Just wanted to add that if the realised iron ore price is $95 then the NPV of this porject, even using the overly optimistic other parameters used by the company, is far below 0.

I'd suggest there's only two or three (at most) quarterly updates left before this company runs out of money.

They won't be doing anything either except saying that they have been working on the pre-feasibility study and planning etc. Revised modelling blah blah blah....

Obviously if the NPV is less than 0 on a project requiring almost half a billion in capital injections then the assets aren't worth a thing.

Any objections?