If you read the chairman address, it's interesting that they're...

If you read the chairman address, it's interesting that they're not fast tracking the iron ore definition.

2Q2008 could be btw Apr and Jun 08 to start drilling, that's about 1/2 year away.

My gut feel is the SP will drift lower in this space of time, and traders moving on to other specs until around Mar when it starts to pick up again in anticipation of the drilling result.

Wouldn't suprise me if this touches the mid 5c again in due course.

Sellers building up, and judging by today's AGM presentation and Chairman address, many may not be too happy ref the program, as well as the fact they sell Fe to FMG capped at $8M. *sad*...