New Zone Higher Value/Grade than P.C.itself. I think that with some more time, this entire project is going to be a winner. If Management can gets its own cost of running the business down then we should be able to see positive cash flows in the near to medium term. The new zone as an extension of the original mine, should be very low cost to operate and even produce better grades. NineLives and flusher: actually, using New Island Resources' listing as the shell-company for the iron ore assets isn't such a stupid idea at all. In a reverse takeover, for a half cent a share plus the assumption of NIS's debt,, ANX could get on the Venture Board very easily and cheaply and transfer their iron ore asset portfolio into this new company which they could call, for example, something like: "International Iron Ore Development Co.". They could offer NIS Management shares in the newco, in place of the half cent for the listing, and make an offer to creditors for the assumption of the debt. Harold would have to pay off his own personal debt though, and whatever other properties and assets held by NIS, such as MOA and/or ANX shares, would become the property of newco. Sounds viable to me. Otherwise, Harold is just sitting eating up cash and the assets of the Company as it stands now.