SDO there is a lot more required to run a discount model besides those two numbers you posted. What are you assumptions on iron ore prices? What are your assumptions on production? Are those really the right cost assumptions given inflation, recovery and grade? What is your cost of equity (what implicit assumption are you making on Beta)? Do you expect Gindaldan to know how to project the proper MRRT, everyone seems to think you pay it day one which is a usually completely wrong. How are you valuing the potential to expand in lodestone? what is the potential that the mine has an issue with their asset base? What is the final % ownership for GBG post all these loans from Ansteel (no money is free sorry mate). By the way you need to project this on an annual basis, so how does this change each year.
Anyone in the finance community is smart enough to not post a number on here, because someone will look at it and take it as gospel. Perhaps you can look at one of prior posts and see my recommendation to look at diversification if equity valuation isn't your thing, but up to you.
I am actually worried that one of you out here has 50-100% of your portfolio in one stock, I am sure there is one of you out there... just hope you realize the risk to reward ratio you are taking.
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