It's frankly up to others to somehow price in what the potential is with Irvine - it's high speculative, illiquid and subsequently volatile. 2nd stage drilling is the key.
For those who invested much higher, it's a tough game, and for others, I'd have a serious look at the milestones reached by this company in 2009, some of which, IMO, are not reflected in the current market cap.
Iron ore is not exactly sexy atm. In terms of current entry, it's about right at 50 or thereabouts, but it may deteriorate further, as we all know it has got very low this year.....you take the plunge and to some extent, hope you get it right.
The good news is that IMO a SPP is a monty and if I can get up to $15K worth at a discount, I'll be happy. Excellent support today, and not all by me :)
I have no doubt, I'll have the opportunity to make money in the not too distant future. Whether I take that opportunity is another thing altogether.
Not much more to really say on this one atm.
PLV Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
