current inground values by market, page-6

Kozzie, when trying to establish an in-ground for a magnetite resource you really open up a can of worms imo.
The big problem is agreeing on a price per tonne of the ore in the ground, some will say it is worth almost nothing, some will say magnetite is worth say 15 cents per tonne and hematite say $1 per tonne.

Assuming magnetite is worth 15 cents a tonne 617 mt, our share 40% divided by shares issued 1,775,595,897 assuming this correct, shares are currently worth say 2.1 cents.
We all assume that the likely result will be 1.5 to 2 billion tonnes, at that stage the shares would be worth from 5.1 cents to 7 cents per share.

Hard to know how much DSO hematite we have no figures as yet, so hard to include any extra value at this stage.

My calculations should encourage all sorts of guesstimations and it is really difficult to know what the true value of the shares will be on the short term.
I guess we will have to wait to see how much interest is generated amongst the potential suitors before we will be able to have any idea of what our shares will be worth.

I look forward to further comments by other haw holders.