Ann: Cockatoo aquisition update , page-16

Hi Humble69, may penny pinchers or short term holders have been fleeing the micro resource sector for some months now and given the iron ore sector is completely in the doldrums, PLV's share price has been decimated along with many iron ore hopefuls on both low liquidity & volume. Unfortunately, I hold quite a few of them - including PLV. Up to $10m wanders round the ASX micro sector looking for quick money atm - zero of this wad is in PLV IMO. Makes for ripe pickings if anyone can afford to buy a stash for a strong hold IMO into 2012/2013 in the hope of increasing global growth. Difficult times.

However, on the positive side, I remember this:

"In the case of iron ore, we expect that over the next eight years, global supply additions need to be at the rate of at least 100 million tonnes each year to satisfy growth,

This represents a staggering increase in demand."

David Joyce - Rio Tinto Iron Ore MD Expansion Projects September 2011