more dso iron ore, page-5

i stayed away from this because of all the things you have mentioned, but I think the rebound in the iron ore price is obviously good and the company has been able to attract a number of highly qualified iron ore experts to the company over the last 6 months as this edges towards production. I know they have had delays, but the market has been a complete nightmare for these sorts of companies. I also see that IFE have been working on cutting the costs down during the period. The managment have been drilling for DSO for good reasons, it changes the bottom line and reduces the cost curve with more DSO and reduces the pay back period and upfront capital costs. The seriosuly bad envirnoment we have seen over the last year has bought this on for the better, You would have noticed even FMG is going through this process to protect itself from any future shocks caused by price swings. This decreases the risk in stage 1. Someone just mentioned aa placement, they dont need that given the cash on hand, but all companies would be happy to entertain a placement to someone strategic in order to get over the line. I don't think it would take long for someone to want to play the game here. The companies assets are capable of supporting a solid production profile and profit. I would like to see them partner up with someone of reasonable size and blow the market away. dyor.