smart yes ... but i'd argue pretty safe too when the company has...

smart yes ... but i'd argue pretty safe too when the company has iron ore resource worth way more than its market cap. even if it reaches 20cents as suggested in this thread, that is only $17M market cap. $17M divided by 570Mt is 3 cents per ton. i have never seen a magnetite resource sell for that low a price. look at xstrata bid for sphere and work out what magnetite is worth per ton before you even start a project. It is great the sp is going up after so long but i remember when this puppy had a 60sp with only 112Mt and so I think it is only starting to get back to where it should be.