it is going to $12, page-2

If in October last year Bluescope did not go back to about $7.60 and had followed Sims and the USA steel stocks up then it should have already reached $12 a share. Since reaching the USA steel stocks current peak they have come back about 10% and should reach their peak again over the next two weeks with their positive results. Hence Bluescope should have currently been around $10.80 and should have gone to $12 after its positive result release on 21st February. However facing the reality that the stock price is currently $8.77, which I feel is still a bargain, I feel after Bluescope announces its first half profits and dividend that it could reach close to $10 by the end of February. I also agree that it can reach $12 a share if the steel market can stay steady for the next 5 months and see Bluescope going to $12 a share by the time of its final dividend in September.