present position......., page-58

Afternoon Ordites,

Champ, That is too simpler a valuation. Many things to consider. We might own X% of the project, but we also have x% of the financing debt. So for a little while, total asset value may not be achieveable. (Although perhaps this would be revelently reflected more in the SARCO share price).

Interesting reading about the Red MUD, and how much Iron can be extracted from it.

Then, theres things like future earnings (++) that would be included into the pricing at x%.

Just a couple of consideration to cause you more maths problems :)

Anyway, Good feedback from Kori regarding the presentation.
Flapping in the wind abit today. Bit more flap than normal I think. Looks a little like its being suttley tested.
Or, I could be looking to hard :)