removing short term market noise from irn

Don't get too fixated by UBS selling the stock. They are a prime broker and will therefore quite probably be representing numerous holders/positions. As we all know, certain funds have been closed down in their entirety and therefore don't particularly care what price they sell their holdings at. Bottom line is that whether they remain a seller of the stock is secondary to the fundamentals behind IRN. I don't see anything that resembles Insto selling - just loose retail stock trading back and forth. For any punter that can see through the short term market noise we are looking at a stock that is trading on ridiculously cheap multiples. If (and it is a big "If")a Chinese entity is prepared to fund the venture for a guaranteed offtake then the cost of debt servicing drops substantially - I am assuming cost of funds at 6% - added to a further possible/probable reduction in production costs once they figure out the Moly credits - the whole picture starts to change. Assume an economic life of mine of at least 25 years then the cash flow being spun off is extraordinary. It almost becomes irrelevant what price is paid to take IRN over. So saying, @ $1 I think that any aggressor would stand a good chance of snaffling the stock. I am fairly sure that Xstrata would sell a portion of their stake to a "Banker" and that the price that they paid to control IRN would almost be irrelevant in their calculations given that the World has obviously changed over the past 12 months.
Any comments would be gratefuly received. I also have to own up to being a long term holder of this stock and whilst I did sell a small portion of my holding yesterday I remain a long term mega bull of the story and am looking to continue to trade it aggressively. Somewhat ironically I let the stock go on the basis that Murphy's Law would then suggest that the bid would come sooner!