Ann: Chairman's Letter to Shareholders , page-3

damn...i just bought some at the end of the day...hope wont get slashed tomorrow...

Conclusion
We do not underestimate the challenges ahead for our Company. That said, Murchison remains in a valuable strategic position in the mid-west region of Western Australia.
The wave of industrialisation and increasing urbanisation sweeping across China and now spreading to other developing nations of the world will not suddenly abate in the coming years. The demand for steel, and thus a secure reliable supply of good quality iron ore will continue into the future.
We are focused on meeting the challenges I have outlined head on, and will keep you informed of our progress.