progress update from site anyone?, page-8

Look, the tonnage being shipped isn't a concern. The market knows this.

The key is the commissioning of the magnetite and that we can do so at a profit. We are stuffed if this isn't achieved. Not to mention if they didn't correctly budget the working capital requirements.

If they can prove all of the above, then yes, I agree it'll well surpass 30-40cents. But its a big risk, and has been proven by the drastic measures taken, ie a $62m cap raising at 25.5 cents (7 year lows).

I hold a truckload of shares in this, I want to see it recover. I've lost a fortune here. I am just stating the facts, well risks as I see it.