45c less 32.5c = 38.5%, page-6

....wow a company that owns nothing and makes no money with a market cap close to $2billion dollars!!...

I think you should reflect on the reality and china's vulnerability. This should help you:

From the People's Daily English Press (Global Times)

...the deal is "particularly" aiming to provide reliable long-term iron ore resources for domestic steel companies...

...The Mbalam project, is expected to reach an annual output of 35 million metric tons of steel-making raw material in phase one, eventually growing to 100 million metric tons in phase two....

...But an insider from the steel industry told the Global Times on condition of anonymity that as long as China's economy continues to grow, iron ore, viewed as a strategic asset, will be needed for the country's development.

Companies trying to develop overseas mines will have big business opportunities in the future, the insider said.

Statistics from China Iron and Steel Association shows that China this year relied on imports to meet about 60 percent of its demand for iron ore.....