i must be insane, desperate or both!, page-9

i think the production costs are far too high, finance is a pipe dream with these costs and time delays. I seem to remember the old production costs were somewhere between $80 - $100 per ton, and that was a while back. No one is seriously thinking these companies can raise $15- $20m for a marginal iron ore project without complete approvals? They will either give away the farm or dilute shareholders in coming months and everyone will want to prey for the iron ore price to stay this high. I lost a lot of money in this stock. I dont have sour grapes, but i can't get the numbers to work, and neither can the market by the looks of things. when the stock was in the 20c range, i thought the next placement would be at 10c...what price will they do it at if it hits 10c? They need to own 100% of the project and they need to find the proper management to run the company. They need a ken Rowley type of guy to provide cred or a major off take partner. The magnetite is worthless in this market imo. dyor