message from phil..., page-5

I like the way Phil does business. He could sign contracts for a cheaper price, but is being patient. I can see how this might be frustrating for people wanting a quick buck, but for long termers that want to ride the company a bit longer for a more substantial gain like me, well I appreciate the larger profit margin that he is looking for.
He also stated reduced production costs. I am looking forward to the AGM.
If the full scale production date is now Mar-Jun 09, then they should be signing contracts in Mar next year at the latest. Not too long to wait when you consider the price swing that a 3-5 year contract will create.
Iron ore contracts between then and now should also have us moving a bit higher in the not too distant future.
I hold and wait for enough gain to buy a house in cash. Just hope we dont get a Bear market before it happens