Thanks Dobebite,I appreciate the advice, but looking at Strike's...

Thanks Dobebite,
I appreciate the advice, but looking at Strike's september quarterly report neither Gallager or Usmanov are listed as substantial holders of the company? I wonder why that is? maybe he's just provided finance convertable to shares?

I agree that it will be good to see some share price improvement. Correct me if i'm wrong, but I thought the opex for the peru project per tonne of ore was one of the lowest for all the developing mines (perhaps even the developed ones too)? (from memory <$20 per tonne?) surely this has significant benefits even if the price of iron continues to drop as a strike mine will be able to continue operate where other iron mines may need to close.

Hopefully this D&C group have enough money to fund their 30million odd share in exploration/development when our money runs out. Then if all goes well reaching the 500mt of resource we just need a lazy 3billion or so for the capex!

If you run the numbers on potential earnings from 20mill per year development then the share price should show significant upside from 20cents which in my opinion more than adequetly covers potential risks.

Good luck Tim