Ann: Peko Project & Fund Raising Update, page-13

There is some serious money to be made in high grade iron ore, you only have to look at GRR who paid a 10c divi prior to Xmas and has just announced another 10c divi.
They have paid more in 6 months than in a total payout in 10 years.
Whilst ELE isn't in the same league, it does show the huge profits that are made from high grade iron ore. Once ELE starts shipping 65% IO concentrate I feel sure the market will re-rate.