In the short term, that is, 6 months I believe the following is likely to happen - Feasability Report released - New Iron ore prices for the 2008/2009 year - Palmer agrees to a further 1 or 2 B tonnes ( if I was him I would be waiting for new Iron Prices to reflect a greater royalty for himself) - Shougang Commits to project
Isn't that $3 plus in anybody's language. Dealing with the Chinese you have to be patient and as investors we have to do the same.
ARH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held