share price rising, page-19

i am no expert but that is how i have done my calculations based on:

(1) in depth discussions with AXO, who advised me the sales revenue is based on iron content;

(2) looking at financial reports of iron ore companies such as PMM - when you divide the gross sales revenue by the tonnage sold, one will find the revenue price per tonne is the iron ore price multiplied by the iron ore content.

So in my formula you will see i multiplied the iron ore price by the iron ore content, that is, 65%...

that is why i said the veritas broker report on the WPG webiste is wrong..

veritas have multipled the tonnage by the iron ore price...