Thanks for your thoughts. Much appreciated believe me.
As for "re the magnetite and im no expert...big capex low grade??" you may be right there. But I am also looking at Brazil where the Iron ores there are in huge quantities but the low grades are there as well. And while they experience costs in benificiations to higher grades, they are still making money. Besides, I remember someone saying that the Iron Ore was going to be shipped overseas somewhere in Asia to get it to a higher grade, at a fraction of the costs that would have to be incurred here. Also what we seem to forget is the fact that our ores, once benificiated to a higher grades, is very low in impurities and that will command a premium price as well.
Asd for CEO's posting in the HC threads putting their two bobs worth in, I am quite sure that there are quite a few out there doing it. The only difference is, that Tony made it known by being open about it.
For now, I am in for the ride. Although I would have to admit that it is a rough one.
PLV Price at posting:
29.7¢ Sentiment: LT Buy Disclosure: Held
