double bottom reversal pattern, page-19

re: double bottom --> massive dredge BMX has to be the most likely mineral sands stock out there at the present time to be taken over I think. More so than Iluka given the potential P/E ratio one can expect come end of next year once this mother dredge has been sucking like a Dyson on steroids for 12 months.

Two things likely to kill it will be rock in the dredge path and higher than expected transport costs - I've read somewhere that 30% of their OPEX is transport related. That and of course China going into meltdown which I can't see happening in the next couple of years. All said and done, Sabretooth and I will be sitting on a 40 - 50c share come December 2006!

Go you good thing!