report assumptions and market appreciation, page-13

thanks for the detailed reply, i like investing in up and coming companies that still have lots of upside to come, sure theres the capital raising to come 50c?? (if needed), or a possible JV partner would be better i guess, the native title, more resource upgrades (hopefully), and mining wont happen until 2012 earliest, and technically the project is still in the pre feasibility stage, theres still bankable feasibility study, and a Final BFS, so a long road ahead for the company, at least theres no sovereign risk here, and transport costs for the iron ore should be low ive read, brokers are starting to cover PLV recent $2.82 valuation, chart looks good also, all in all looks a great place to park ones money for the medium term.