Ann: Positive Scoping Study Validates Buena Vista Iron Project, page-35

The only saving grace here and I hope it is proven correct, is that they are also looking at selling the project. From where i sit this is the only path that does not lead to massive dilution for current share holders. So it is a possible bounce because at current levels someone could scope the whole thing up. It does look a little conservative on the numbers but definitely doesnt look likely the company itself will be doing much themselves on this. Maybe someone with more info on the people involved can speak about their goals but it seems tough