You are comparing apples with oranges. FMG owns their own railways and mines.
ANS does not hold any mining licenses. Our only involvement ]currently] is with the railway, and as project management partners. Although a lot of announcements read more like we're on the sidelines with language like "ANS has been advised..." etc.
Therefore our % "take" will be considerably lower and therefore valuation would be lower than what you are suggesting.
Some posters have been behaving like children in a lolly store. It's nice to dream, but keep it real.
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held