missed the boat, page-26

Just a brief snippet from todays's "Daily Reckoning" (note that these guys are generally pessimistic about the stock-markets generally and the U.S. rescue plan in particular, but remain confident about the Pilbara miners):

"So will the credit crunch derail the resource boom? That's exactly the question we'll be tackling at the Melbourne Investment Expo next weekend. We'll give you a sneak peek at our answer: No! In fact, despite some gloomy reports in the local press, there's simply isn't a lot of evidence yet that industrial demand in China (driven by urbanisation and industrialisation) is headed off the cliff. Just the opposite, in fact."

AND (I interpret the following to be talking about the commodities market):

"...the market is setting up for the mother of all rebound trades ...... the most promising shares are not the big blue chips, but the mid-level producers and even some junior explorers that have great projects. "

I am certainly pleased to hear some commentators who remain highly optimistic about our Iron ore juniors.