**riel - I actually think that most on HC are quite moderate....

Gabriel - I actually think that most on HC are quite moderate. Broker reports all put the SP at the .70 - .80 level. We know that the factors that form the val are very conservative both in the value of Iron Ore and also that the Itabrite is not factored in. Whether we have a short term anti climax or not (I don't think so given GJ's expertise) it really wont matter on the journey up. There was a great graphic posted earlier today on the stages of a mining company. As this is a first mover and top 8 world company in the making with infrastructure control, it is just a matter of time.