Is the starting point for this 100 times increase in the SP the...

Is the starting point for this 100 times increase in the SP the current sub 8 cent price or is it the 22 cents from earlier this year when it was known as Carpentaria Resources? Might be good to see it recover what has already been lost before predicting 100X increases. As of now it needs a 3X increase just to recover to the previous position.

As I said when it was over 10 cents that it was heading for the 7's and I had a buy in the 6 cent range as at some point the reduction may over shoot. I still believe it's going to be in the 6 cent range at some point in the coming months. No iron ore company, especially one that isn't producing and has all of the risks that come with a potential project are going to be subject to impacts from the iron ore price which has further to fall. It might end up being a project and even a good one but don't get caught up in the hype, take a look at what the SP has actually done and there will be plenty of opportunities to buy more in the future if there is real progress.