ago operating cash flow positive?, page-54

good discussion guys,

in terms of the Ridley Magnetite, blythe said
"You are basing this off the top-of-the-cylce peak price some fools paid Tony Sage for the ultimately more crap chunk of rock at Cape Lampoon. They paid in when iron ore was $120/t, now its half that."

Based on the CXM - WISCO deal it has an implied value of $362 mil (2.01bil tonnes @ $0.18/tonne). This deal was announced on the 18th Dec. Definately not top of the market.

Ridley is more advanced and better located.