not if but when, page-5

For me RKG and you know the drill, not an advisor, DYOR:

Fundamentals based on EPS in 2008 before GFS (13c per share as per Commsec, may wish to check) and mining boom crash which saw BLY go from $2.80 to 7c. Market thought BLY would go broke with debt. Just been sorted with protracted SPP meaning twice as many shares and debt level now comfortable, so theoretically BLY SP could exceed $1 as mining activity recovers to 2007-2008 levels. I'd say we are well on the way going from Chinese demand and mining activity in past few months - everyone is drilling ain't they?

Would seem SP has been kept low in last two months by instos and even retail participants in SPP selling above 27c while awaiting their new allotments.

On the basis US doesn't double dip, China continues their domestic consumption and BLY are well managed, SP could reach 40c once dust settles, 50c before Christmas and who knows in 2010.