2008, page-4

I'd classify CFE as bit of a dog.

AGO also has magnetite and looking to get a JV to start it up. I believe in the long term the magnetite will be the company maker. Its the only large sized resource they have that can sustain production for 20 years. The key to the iron ore game will be long term SUSTAINABLE supply of high grade ore. Magnetite is extremely high grade fe% once processed.

ARH is good, but GBG is better for magnetite plays. AGO like GBG will both eventually be dual producers, both DSO and magnetite. However AGO will be in production this year with small amounts of DSO, GBG's DSO production isn't looking positive as EPA approvals are in doubt. However GBG is way ahead with its magnetite future.

ARH, AGO and GBG all great companies with great prospects. But stay away from CFE.