indian iron ore valuation due in a week, page-8

Hi Mr47,

I think that to get a rough indicator of a companies (sp) value, you take about 10% of the value of an INFERRED resource.

CFR's of course is not yet at that stage.

But if you were speculating on a tonnage that gives a guide.

These guys who are suggesting anything up to 400mt could be right - could be wrong.

Take 100 million tons at $65 per ton (to use their figure), would give a total "in ground" value of 6.5 billion $.

Divide that by 10 gives you 650,000000.

Divide that by 1,600,000000 shares = 40 cents per share rounded.

So, as you can see, this method give the same sp as they are suggesting for 400mt! So...if they are right with 400mt 40 cents is not so crazy!


Cheers