Couldn't agree more gizard. Why you would sell at 1.3 when this could be north of 20c in 18 months is beyond me.
Don't let traders scare you out of your holding.
The $65M that they have to raise will be a cake walk given the level of commitment put up by Alliance.
They will be fully funded with infrastructure and they are producing a high grade product which is better than what RIO and BHP are pumping out.....and even if the iron ore price does get to $80 and below they will still be profitable and they can charge a premium for their product.
In an age where iron ore developers are virtually dead this is nothing short of a miracle.
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