$7, lol its value has been savaged from $19.5 the royalty alone...

$7, lol its value has been savaged from $19.5 the royalty alone is worth $4-6 a share, its a much different company balance sheet wise to the previous decade, add the 16% of stock held by the shorters when the inevitable short squeeze occurs, and its only a matter of time before we get some solid appreciation. just like JB HI FI, LNC and the other massive short squeezes the greedy bastards never know when to cover. Iluka was the 4th highest short on the ASX prior to 2009 when it hit $2.00 i imagine there were some burned fingers on its rally to 19 as i noticed there was some solid interest at $4-6 before it exploded to the upside.