biggest no brainer on market, page-6

Can I ask where do u get the $10 tonne figure from?

Are you valuing (in ground) at $10 tonne?



If so I think that is too high, id rather be conservative at this point and inline with other resources.

Normally $1-$2 tonne when converting to MC to be on the conservative side.....

Say 350mt = 350,000,000/950,000,000 shares

= .36c SP at $1 tonne
= .72c SP at $2 tonne
= $1.08 at $3 tonne
= $1.44 at $4 tonne

I think somewhere in the above range is about right, however if FMG have infastructure in place next year then it could value the inground ore a lot higher i guess, and with the maye 50% rise in value of iron ore next year, then you may be closer to the mark.

cheers