something is up?, page-18

OK I'll bite - I'm an IO newbie (actually a stocks newbie really lol), so bear with me.

-When it comes to the oft quoted iron ore prices, what percentage of iron are they assuming? I have inferred its around 60% mark, same as what we are sitting on with HEM?

-I understand that for speccies a hefty discount should apply to any prices (of course). What is the rule of thumb discount?

- What HEM are (may) be sitting on - right now we're at the equivalent of 3P in oil and gas terms, am I near the mark? i.e. drilling will take us up to '2P', and JORC = 1P

on a charting note, all the positive crossings (MACD, SMA, ADx) have now well and truly occurred, but the best thing is that on today's shortened session and general weak market volumes, we've actually had pretty good volume to confirm the breakout, almost as much as the November run.