Totally disagree. I think we are at the bottom right now at the trend line. In the next few weeks we expect:
1. Nabeba resource announcement. Good possibility of upgrade given drilling schematics.
2. Pre DFS on the Itabrite - which is well over 2 billion. Not factores in in most analyst predictions/valuations.
3. DFS for the project by end March 2011.
Broker vals are in the region of low .70s to mid .80s. Based on a very low IO price.
Stocks usually run up to announcements so I expect that to start next few days. Very little chance of a break the other way. SP has withstood some bad days on the market for a reason.
All good and getting better.
Warren Buffet would like this stock. Understandable, great management, great forst mover potential, top IO mines in the world emerging. Hard asset.
We are very near now.
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