11mtpa hemitite scoping study out thr or frid

Ok, with a few posters having called the company and been told that the Scoping Study is out this week, i give a very very high probability that it will be out either tomorrow or friday.

My preference is for friday as it give more time to absorb the info and make rational comparisons to SDL (15 times DMM mkt cap on last check) and other near term producers.

Recent highs were $1.10. The SP has fallen as the study is a week late. A week isnt too bad?

All stocks are running on announcements. Even the rubbish stocks. Ironore stocks are running especially hard.

The Scoping Study is a major milestone announcement. Far superior then some rock chips.

We can run 40%-50%+ on the announcement.



Below is the link and image of the recent Intersuissed buy report

http://www.dmcmining.com.au/


I put my money where my mouth (or fingers are) is and have bought more this week. Its one of the cheapest ironore plays on the market at these levels imo - i wouldn't have bought if i thought otherwise. As ive said, if they are a producer as they hope to be by 2010, then its going to be a 10-20bagger!

And 2 years isnt a long time.



Cheers!