2nd phase drilling results, page-9

In the Weekend AFR there is an article that says that the Chinese (and everyone else in the world that is) are expecting a price increase in the Iron Ore soon, of at least 70 to 80%. Yet, on the other hand, there are others (miners/producers who wants the price to increase to the current spot market price which is around the $139 to $140 dollars per tonne, because that reflects better the current value of Iron Ores.

With that in mind, that is a hell of an increase in the ore price which will eventually underlays the company's (any Iron Ore company for that matter), future profits.

Also we don't have to forget that the location of PLV's tenements and the easyness and low costs of getting the ore to port, that would have to be a very positive sign.

As such, I would not discard any majors, regardless of it's size to totally disregard PLV on the ground that it is not big enough to serve their purposes.

Hence why, with the current shortage of iron ore to supply the increase demand that is currently in the world market, I loaded up a bit more the other day, and obvioulsy the Directors have confidence in that as well. After all we all know that the Chinese do not want to pay for anything more than what they are forced to pay, and for them to come and openly state that they expect, and ready to accept a price increase of that magnitude..........it definitely speaks for plenty.

My thoughts, and please DYOR.

Good luck,

Buddy