finally some action

good to see some reasonable buying today

we are so close to news... any day now...

there has been plenty of interest in pilbara iron ore projects recently - see, as an obvious example, atlas iron bidding for giralia resources.. resource value of circa $4 per tonne (http://www.investsmart.com.au/news/news.asp?Action=Display&DocID=SMH101222BU5244ITQOF)

we have about 80mil tonnes of iron ore.. using giralia's per tonne valuation... our project is valued at $320mil - we are paying about $40mil for it.

there has been a bundle of interest in the junior exploration iron ore sector lately (e.g. ferraus, brockman) - we are in the right sector at the right time...

and let's not forget, the blokes putting this together - ochre management - only get the FIRST OF MANY SHARES when the share price hits 1.5c... the last tranche is issued when the shares hit 3c for one month straight.

we're on a four bagger at least here guys - hold on for an exciting 2011 !!!