Telemachus,...I believe anyone who is selling now is going to...

Telemachus,...I believe anyone who is selling now is going to miss the boat big time. Firstly the jorc is just around the corner which and as management pointed out last week, institutions and the like want that milestone before they will start moving into the stock. Secondly, analysts from nine leading international broking firms are doing field visits this week looking to do buy recommendations on the stock. Im also told a buy recommendation is about to come out this week from an Oz broking firm.
The iron ore price hasnt helped our cause but with production costs around $50 per tonne, we are still one of the few who could still make good money at current levels. Having said that, the smart money is tipping a bounce in iron ore prices in the very near future.
In answer to an earlier question, I believe the initial jorc will be calculated at the most conservative specific gravity value until such time that Coffey has sufficient data to base the resource at higher levels. The jorc will be added to as more drill results come in. The weather is expected to break at any tick of the clock and when it does the rig will move back in to complete the rest of the program. Once that is completed, the step out holes will be drilled to give an idea of what the total tonnage might look like for the whole plateau.
On the metallurgy front, Im expecting the first results out soon after the initial jorc and if managements smiles are anything to go by, it should be very positive.
So short term, I except a significant share price rise to take place based on all of the above reasons and calculate your own share price if all comes to fruition and early next year we have a jorc of say 500 million tonnes or there abouts and a global resource of say 4 to 5 billion tonnes.
It comes in at a big number!!!