Mate a t/o is possible but not a reason to buy/hold this stock...

Mate a t/o is possible but not a reason to buy/hold this stock obviously. I am not betting on a t/o.

Patience is required with LML. Need to prove up more DSO (this quarter) then sort out shipping and some permitting (this year).

Kinda 'fill in the blanks' stuff as there are some big ticks already.

Drilling results are key. More high grade Fe and we're off.

While there is some news to come re RC drill results, we have close proximity to Port Lincoln, an offtake agreement, decent drill results already and what appears to be good management.

If the 1st Q 2011 results are good it won't take long for people to join the dots and LML will jump big time.

Has to be a BUY around 20c IMO.