Butchy, I read the broker report but I normally pay very little attention to their valuations. However when they are producing end of this year from Phils Creek a NTV(10%) could be nice depnding on the IO price (Vale today asking 90% increase!). UMC was a poor offer so sets a benchmark.
We knocked on the door of resistance at $2.72 a couple of days earlier than I thought! This may be hard to push through without any news (although we should get something soon, even just an update on IV).
IOH Price at posting:
$2.66 Sentiment: Buy Disclosure: Held
