Panic!, Don't Panic, page-3

Don’t take this the wrong way, but the “pump” is over...

Which then means you have to assess this company on its merits as an explorer. Fair enough, heaps of Fe, and supposedly, the CSIRO tech to extract it...but at what cost? Magnetite isn’t exactly easy to handle.

If the cost of getting the Fe to a suitable stage for export (FOB price) is feasible; then how competitive will it be versus Brazil’s FOB price?

But wait, let’s not even talk about mining yet - it’s still an explorer...at a market cap of $38M (excluding oppies and the current SPP)...to get it to a mining company will involve multiples of $38M capex...so more dilution coming.

Maybe just step back for a moment and do a bit more reading on magnetite. Sometimes the ‘tunnel vision’ effect really affects judgement. I have done just that and came to a conclusion to sell out yesterday.

Hope the above is not viewed negatively, but as construction discussion points.

Would luv to hear some constructive responses. Who knows, I may buy back in after hearing them.