i think all the company can go high as long there is support for it, i still think is too early to call for it, iron mountain only test average of 60% of Fe from some of the rock chip in the tenements, BFS and others are still long time away, and 60c right now is a way too high, compare to aurox resources, and cape lambert, iron mountain is too hard to find its groud later on,....
only reason people ramping it today, i have to give merit for the directors wrote a good asx news. i read myself and people like us react to it well....
when you compare cape lambert iron ore to iron mountain which there tenements are really for sale around more than $320m, and their share price is only like close to 60c, the highest price is no more than 90c, you will find that iron mountain is away too high.
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