hi multi, I agree 100% regards the management, they just play games, and keep everything a secret, I say get rid of them, we are owners of the ore, they are the employees, I think they should be reminded of that from time to time. There has been more that .05 cents a share been spent by management to were we are now, if you just take the I/o value alone and do not add any extra value at all, it makes the iron ore found so far worth only .50c per ton per share, that is just a mile to low,(adding all possibilities), then when you add in all infrastructure, etc etc, then you get about $1.00 per ton per share, add in transport, port costs, you come in at about $65.00 cost per ton , that leaves a very nice margin if you moving ore, but even at where we stand right now, the shares shoud be worth at least 10% of their potential net profit value, so equation works out at about .30 cents, it is no accident that the Russians paid exactly .30c, that is just a rough guide, but even if its rough its a long way from .02cents,do you agree of even a little of what I am suggesting. best regards.
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