The share price is up almost 150% in about 6 months. Is that not reason enough???
The exciting thing is the estimates from the brokers came in at 40Mt with a 2Mt mine in a low capex setting.
It won't take much corporate interest to make this baby pop. We have already had a major chinese fund invest for a 7% holding. What does that say.
$200m here we come! We are wll on the way to pushing past the $1 mark!
Some more from the Australian on Commodity Futures: The highest cost iron production is Chinese. As this is taken out of production in a falling market, Mr Hynes estimated that iron ore prices could dip below $100 a tonne for a short period before stabilising at about $100-$110 a tonne.
Cheers,
SF
HAR Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
