RE:CoincidenceIt is totally because iop drop but as the stock was already undervalued, we are still in the same situation... Ok let me explain my thinking. Some guys here will get nuts if freaking out at every significant move in iop. You invest in a company like CIA for the long, which is not that long if you considering phase 2 completed and starting production by next summer. IOP is very volatile and will continue so in the future. Companies have less new projects in process because iop lows in the last 6-7 years and the top tiers producers are around 50$cdn cash cost as roughly CIA. This top tiers made profits even in the worst markets. You go for the long? You need a scenario and stick on. When you take a look at charts, iop 62 had an average of 100$us per ton for the last 20 years, ups and downs included. So lets go with this assumption: 100$us per ton for iop62 and add an extra 25% for our iop66 which could increase as long as environmental concerns 25%xchange rate and shipping around 22usd$. With production doubled at 16 millions of tons and considering 40% in income taxes and mining rights, you get an 1.55$ per share net profit for at least the next 20-25 years with a total cash cost of 50cdn$. And this 1.55$ per share or more could be this reality in the next year. With no debts (very low risk of bankruptcy), other potential developments on hand... All that for 4.30$? Even 10$ on the long is cheap. My opinion. Hopefully CIA will come back with her intention to change fiscal residence of the company from Australia to Canada as they where suppose to do last year or so. Major advantages on fiscal treatment of dividends for canadian investors if CIA becomes a canadian corporation if shares held in regular account.