I think this is good news. They will have to earn their pay now considering they only have 11 days to get off the pot and finally do something for the share holder.

Luxor has had many chances to take this mine from us and I don't think they will try this time either. I can see them trying to take a bigger share of our profits when it comes down to the March 15 deadline considering the new benchmark price for Iron ore set in April will be much higher than it is now.

The continued strengthening of iron ore prices has resulted in increased interest in Palladon and its Iron Mountain Project. I was encouraged on my recent trip to China, where I met with numerous parties to discuss off-take agreements for iron ore and concentrate, as well as funding and possible investment in Palladon."

By the looks of it Mr. Gilbert has been accomplishing more in one month than Cutler had in 10 months when it comes to getting our Iron ore to market.

Remember March of 2008 when the SP was around .10 and then in April the share price shot up to a buck on the same kind of news that may come out on the 15th of March.

The odds are more incline for shipping in 2010 then Palladon going bust. So the week minded can sell at .055 an under if they want but I'm holding on to my shares with an Iron grip.