at its cash position, page-4

Crazy indeed....i bought at $1.07 recently thinking $1 was the bottom.
Think the recent ann with cash costs $660 may have spooked holders, but I am looking forward to those costs reducing as they make the transition to underground and higher grade ore.
Potential here to be making up to $50M per annum in a year if the Iron is added to earnings.
P/E of 5= 250M plus cash/plant of $70M = M/Cap of $320

=close to $4 a share target on lowish P/E.