merrill lynch valuation at 9.80, page-29

look at fmg.........not producing.......low grade ore.....cost $3 billion so far..........sp $35........so MMX IS ALREADY EXPORTING....FUNDING FOR INFRSTRUCTURE ALREADY IN PLACE.........HUGE POTENTIAL TO TRIPLE RESOURCE TO OVER 1 BILLION TONS OF HIGH GRADE ORE...FUNDS ARE VERY HAPPY WITH DEAL WITH MITSUBISHI..........SO WATCH THIS SPACE IN THE NEXT 2 WEEKS.....zooooom past $7.