nibbles on nineteen, page-4

bluebear,

500mt at 60%Fe at $155/t = = $46.5B.
@ 42% exposure and 50% production costs = $9.765B

= $6.1/share at 1.6B shares
= $4.88/share at 2B shares.

So given a 1% probability, we have 6c or 4c/share!! not bad. I'll take this even.

But all this is silly coz we dunno about 500mt, 60% and the 1% probability is way too low.

Eitherway, we should be higher than the 2.4-2.6 range soon if the report is anything decent.

cheers
DC