looking interesting, page-4

Direct shipping of hematite is a possibility for late 2006 early 2007. Magnetite still subject to ongoing feasibility.

Lots to be done between now and then including planning and building necessary infrastructure, proving up further resources, securing finance, arranging offtake agreements etc.

Everyone of these steps satifactorily achieved generates market confidence and reflects in the SP. See FMG, Midwest, Grange, Murchison even Aztek.

Assuming everything follows an upward path then you can buy today and see significant gain in twelve to eighteen months or wait until things firm up further and buy in higher.

All depends on your risk levels of comfort.

I'm up a 100% already and currently on the bid at 18.