time for action

I sat down with a mate who has experience in this field and we can up with a value of $8.01 at least - at present. Two things I will say about this:
-> one: I don't claim to have any specialised experience in this area but I know enough about value to recognised it when i see it in front of my nose - so don't take my word for it - this is just a HC post after all
-> two: I have invested large sums in this over 12 months now

Lets see what happens. If the trucks can get some iron ore down the train lines & ports in 2009 and generate some early cash flow for SRK, if the iron ore prices continue to rise, if iron ore becomes the new OIL, if Chindia grows and grows, i think $8.01 will prove to be a very very conservate estimate.

I have made about 40% on this, but that is not why I brought it. This stock is for the long term. There is very little around in iron ore stocks where the cream has already been eaten. SRK is one of the few stock where cream remains...(possibly)

Let us see if others believe this as well.....