With Iron ore at almost $100USD and in AUD terms higher than it...

With Iron ore at almost $100USD and in AUD terms higher than it was back in the day when the company stated what was profitable and what wasnt why are we still not hearing anything about the resource or any further questions being raised about why they gave away half of it for peanuts and why no-one seems interested anymore in mining.

Considering the amount of money spent on the project and the stage shareholders were led to believe it was at surely it would now warrant de-mothballing and further investigation.

My gut feel is that IO could go to $200 USD and they still wouldn't want to pull it out of the ground, seems like the whole thing was a pipe dream thought up by management hoping to snare a larger player as a partner which never eventuated. Holders back in the day were led to believe that the project was at a stage where all it required is some funding and the turnaround to mine would be relatively short, circa 6 months.
The company is what it is right now and regardless of giving away that 50% the resource is still there, IO is much stronger and surely it warrants even a mention on their website let alone a future quarterly...