Thank you for all of the informative posts. Sorry to see you go so soon. I've been a shareholder since April '05. I've seen the ups and downs, but I think PLL is still undervalued. Iron Ore prices are expected to increase again this year. PIC should generate enough cash over the next two years to increase production to 4 million tons/year without borrowing. PIC has some of the best quality ore available and they have an excellent (and proven) location. I've been following six other iron ore plays: CLM, BIM, NML, LIR, QU and ADI. When you compare market caps, $75 Million for PLL doesn't make sense for a company that is so close to production. Iron ore is too hot right now. Luxor won't have any problem selling their share of PIC and their PLL shares. The resource sector is cash rich. Companys like TCK.A are sitting on a lot of cash ($1.1 Billion as of March 31st). Some are looking for iron ore assets. There I go speculating. If PLL opens above $1.00 Tuesday, we might see $2.00 by friday's close.