Cant agree Bizzo about the metallurgy not firing up the market....

Cant agree Bizzo about the metallurgy not firing up the market. Its almost a given that the drill results will bring in a maiden jorc of around 500 million tonnes in coming months and if the metallurgy is good ( I strongly believe it will be) then brokers, individuals and the chinese will be all over this stock. As you point out, the infrastructure is largely in place and with a cost price per tonne of just $50,
even if the price of iron ore fell to $100 per tonne the profits are massive. With a 25 year mine life at 20 million tonnes per year at a sell price of $100 per tonne, eio would be making 1 BILLION dollars per year. Lets not forget that its becoming increasingly likely that eio is sitting on several billions of tonnes of iron ore and with positive metallurgy in the next month or so expect this thing to take off like black caviar!