Iron Awe - how and why HIO could 100X, page-455

I agree entirely Tran.

And if the big boys (& Gina) did come sniffing around, what would HIO be worth to them?

Well they would not pussyfoot around and would plan on a 25MT operation for sure.

Thats 25 x A$278 less $78 all up costs delivered gives gross revenue of $5B less a very generous $1B corporate and other costs = $4b Net at todays prices. A P/E of 4 = $16 Billion/ 777 HIO shares = $20.

So thats HIO's value to them because they sell it direct, pelletise it or could use it to bring there vast reserves of 58% up to minimum base reference price or sell it direct or mill blending ore - obviously not what they would bid in a takeover unless it unleasehes a war amongst those huge ego's. But whatever a bid, if lobbed, came in at, you can bet your bottom dollar it would be several multiples of todays price in the mere blink of an eye!