where to now???, page-11

The price reflects a company that can produce 2.3mtpa mag @65% Fe and 0.8mtpa DSO @60% Fe, with a heap of debt and problems to move on, but interest in plant and future.
Compare GRR trading around 23 cents no debt, some problems and not much future without incurring large debt.
Market already had problems written into 12 cents.