what could be the sp on re-listing?, page-5

"North of 17 cents with 12MT."
i for one cannot understand this statement as 12 million tonnes is very small IMO.
check these ones out for example.

SPM 4.7 BILLION TONNES - Market cap 16 million
FOY 3.5 BILLION TONNES - Market cap 6 million
AXZ 220 MILLION TONNES - Market cap 71 million
IDO 165 MILLION TONNES - Market cap 66 million
TNG 160 MILLION TONNES - Market cap 30 million

these deposits averaging around 56% Fe

Then we have
PLV 12MILLION TONNES - Market cap 42 million
av cut off grade 65% Fe

When you consider the above companies PLV at 12 million tonnes Fe is over priced IMO.Mind you the above deposits are ironsands grading above 55% fe(iron) and also including vanadium and titanium