Just having a proper look at the portfolio, post silly season....

Just having a proper look at the portfolio, post silly season. Pleased to see that IRD has stepped up 25% from ~60c since early December, driven by news of the Sentient-backed $8m share placement, and the news about Jerry Ellis joining the board.

I think both announcements have helped de-risk IRD and its projects, which (as we all know) is the main way for growing companies to increase market cap. The value-adding process should continue this quarter with the expected Central Eyre resource upgrade (approaching 1 bilion tonnes) and pre-feasibility study, especially as the PFS should include capex/opex and provide some insight into the CEIP bottom line.

In a macro sense, it could be a good year for iron ore companies, with prices forecast to reach a record high:

http://www.theaustralian.com.au/business/mining-energy/iron-ore-spot-prices-to-hit-record-in-2011/story-e6frg9df-1225982269328

I think someone with the standing of Jerry Ellis, who must have his pick of corporate appointments, would have very solid reasons for joining the board of a small cap like IRD.

Good luck, fellow holders, for 2011!