unbelievable value, page-10

In your opinion though Shewey, hasn't the risk been mitigated somewhat??

I mean, debt was their biggest issue and so far so good average price for iron ore over the last 2 months MUST be in the $80 range, so debt is substantially reduced and risk subdued.

Available tonnes is another substantial issue with capx of building a new mine being an issue, but with today's announcement that issue seems a little more subdued..

Risk of iron ore dropping back below $50 a tonne is certainly an issue, but with demand holding up, it may not be.

As an earlier poster said, you wouldn't mortgage your house on it, but it seems AusBil likes it and I think there will be many more to come, especially when ago makes it back into the asx 300. And institutions pile in. I think 4c is definitely possible after the next quarterly..

And i'd be happy to hold with a 50% buffet at today's prices...

Gltah..