It is foolish to talk about being in the lowest cost quartile when the Iron % from the upcoming drilling prospect is completely unknown (or even worse, uneconomical from the most recent flop) and also might not prove to be economical even if there was elevated Iron Ore prices in the future.
Surely SR should wait for drilling results and related costings at the very least before boasting about being a low cost producer. All he can honestly say is that transport costs to port would likely be low.
Anyway, how low can this stock go for the pump and dump to be finally over?
Another point. Some people on this board claim to have the ear of M4M Directors citing long chats on the phone etc.
Maybe the Directors should get a move on and give some of this information to the public. After all they seem to have plenty to say on these cosy phone calls. That is if you believe such claims.
