"As you can tell from my buy-in price, I am certainly not good at predicting the market. However there seems to be a strong feeling from many well informed people that we will be in a much improved market within the next 12 months and will have a much more interested group of mining people looking at what we have to sell."

You aren't the only one, including the rest who rode it up to seven and back down to pennies again. That was equally unfortunate so you are in lots of company, to say nothing of the pros out there who lost their shirts.