I don't think that it is concern, I just think that this stock...

I don't think that it is concern, I just think that this stock is relatively unknown considering the money and resources involved.

The Chinese have almost stolen that ore at that price. If 2B tonnes is found and there has to be a good chance as it wouldn't be in the deal if there little probability, then the Chinese have bought themselves about $40billion worth of ore at current pilbara contract rates for a mere $300 million. (60%) Mind you CXM get the other 40% of that. Say $30 billion?

Now if I can really extend things a little and compare apples to oranges, in this case LNG to iron ore, let's compare this to the MEO situation right now. That forum is full of HC members waiting on baited breath for the release of the news of who the farminee is for their Artemis field. They may have 12tcf of recoverable gas there but they only rate it as a 33% chance and they are farming out 50%, retaining 20%. If the farm out is to a big player like WPL or CVX watch that stock go ballistic from 55c to gee I don't know probably over a $ with all the hype and yet there is no confirmation of gas!! If there is gas then what's the upside for MEO about $2billion?

Here in CMX we have a safe bet, there is a bucket load of ore there, a ton of money now in the bank, development covered and ore on schedule to be shipped and here we are piddling about at 70c and 4 or 5 posts on HC on the day a major announcement comes through. I think I'll head over to the MEO forum now and catch some gossip, there'll probably have been 5 posts in the last 5 minutes about whether the big annouce will be tomorrow or Monday....

Obviously CXM is just far too conservative for the majority of HC members who must prefer the high risk bang or bust companys.