Can't agree with you about an upcoming capital raising, with...

Can't agree with you about an upcoming capital raising, with $143m in the bank and production ramping up to 6MT with improved iron ore prices and therefore cashflow/profits, where's the need?

If they hit their production and margin targets, +$4 is likley in the next 6 to 8 months.

Also good to hear they are looking at other opporunities overseas. If it was a large acquisition that would require a major raising, as long as its earnings accretive, there is no issue.