not bad for a red ink day, page-11

re: jzed please read pecora,

IMO the announcement doesn't do anything for the share price at the moment.

With over 900m shares on issue fully diluted, the current share price implies a market cap of over $100m.

A closer look at the numbers from the JV in Chile provided by ADY shows that the projects expects to generate earnings of $10m - $15m per year before the port announcement.

Considering past cost blowouts and delays, I am skeptical they will be able to achieve the $46mUS profit increase.

Isn't anyone else of the opinion that a profit increase of $13 per tonne sounds too good to be true considering that iron ore sells for $70 per tonne?

IMO this company has always been about lithium and not iron ore.

All iron ore does is justify a share price at around these levels.

What are other's thoughts?