projected valuation when production starts, page-2

Hi Au.
Go to the website for this.

But in summary the company has two strategies:

Domestic - annualised production of 3 mt iron ore (+63% Fe) by the end of 2013 for Brazillian market. The JORCs for this is pretty much known. So countdown from now.

Export - aims to identify or acquire a project (s) that will produce 12 - 15 mtpa (69% Fe)

If you look in detail at the company`s exploration sites it should inspire confidence.

CTM bears no resemblance to its predecessor GGY. Fully Fe. And an ambitious, focussed, and highly competent management (they hold over 12%).

As for sp by production at the end of `13, I`m picking $1 +.

And 30c by the end of the year.

However, I`m very much in the long-term camp.