could represent good value

This is essentially dead in the water until the Oakajee port and associated rail infrastructure from the Midwest gets a firm committment to being built.

Colin Barnett ( W.A Premier ) is determined to see that happen.

IMO SinoMidwest which has suspended it's Weld Range project ( and thus the Hampton Hill J.V ) is playing a game of brinkmanship looking for a slice of the action in building & running the infrastructure.

The current price of $0.09 - $0.105 represents a market cap that IMO is substantially less than the price that Hampton could expect to receive from the sale of its 40% share of the J.V ore reserves to SinoMidwest.

The fact that shareholders continue to hold tight and very little stock is offered to market leads me to believe that most are betting the drama surrounding the port will be resolved in the affirmative.

I think its only a matter of time before this is resolved. For those that are prepared to take a bit of a gamble on the port being built & have some patience this could turn into a very rewarding play.