Superwealthy you are spot on. If IOH can resolve its port issue...

Superwealthy
you are spot on. If IOH can resolve its port issue then it will be the next new small- medium iron ore producer in WA and all being equal should hit the markets, maybe 2014, in time to catch a world econnomic upturn.

AGO is a good comparison particularly since AGOs chances of increasing productioon above 5Mtpa without a railway are slim.

Valuing IOH, when producing 4 to 5Mtpa, on the same basis as AGO may see IOH around $15 to $20 ps.

I'm a long term holder and looking forward to the ride.