in ground value of hematite at tenement 882, page-12

sava,
As I said, I think there will be news next week some time and depending on the mood of the market there will be some volatility, maybe between 13.5c and 20c short term.
The implied value is not likely to kick in till the overall market sentiment returns to a positive mood.
A couple of other thoughts....
I think oil will go down to about $100 short term but trend back up mid term and push towards $150 towards the end of next year.
Gold, to continue it's volatility until oil starts trending back up up then gold is likely to push towards the $950 to $990 levels as the U.S economy declines further.
Aust' interest rates to drop 1.5% in about 6 months ( no secret in that) and the commodity cycle which is in a short term dip will continue to trend higher on the same path as we've seen over the last 12 months as the China demand continuing, becomes obvious and begins to dominate current market "commodity" sentiment ( which is only short term).
Once the option's have been exercised, the company can be expected to ramp up further intense drilling, feasibility studies etc . I'd expect implied value to be about 50% reflected in the sp by about the 1st quarter of 2009.
From what I have seen on a lot of hc threads, there has been a lot of short term trading which kept most people happy when the market was in bull territory but there seems to be a lot of new people who haven't experienced the short term bears like in 1987. For those of us who have, the strategy doesn't change much, it just goes into hibernation somewhat until the long term growth resumes.
There's a lot more I'd like to post about but it's been a long day and time to get some R and R.
See you all tomorrow.
cheers Sav', Fatstocks.