I bought my last batch at 11.5c when the SHIP inferred resource was announced. The history tells you how good that project really is - 3.5c a year later.
The problem is - they have to issue more and more of nothing to keep the thing going.
Uranium 2006
Oil 2008
Gold in 2009
Iron ore in 2010
BUT wait, there is QUARTZ in 2011.
Well done....