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10/11/09
21:32
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The VWAP was strong today at $0.2702 today with 403,000 shares changing hands (13.5% higher than 3 month average).
Recovery -> Increased Demand for Steel -> Increase Demand for Iron-ore -> Increased Iron-ore Spot Price
Some of the remaining 80% of iron-ore drilling results should be released in November, and potentially cause resource upgrade.
With a estimated 400 million resource made already, there is a good chance this could significantly increase with upcoming drilling results.
I will be holding until the drilling results are released later in the month.
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