in your dreams chawkey. The NPV is calculated on the basis of future earnings over the mine life of 20 years. Who in their right minds is going to pay full value on that assumption. Apart from the obvious risk of location, the iron ore bubble might last another 5 years at best. I reckon we will be lucky to get $150 to $200 mill for this..which the market is not going to be overly excited about given Tony's has spruiked it for so long now at $500 mill plus. And as the divestment keeps falling further and further behind schedule, its value is decreasing as its real advantage was always the potential to get on line before many of its competitors. Sorry to sound negative, but its the reality.
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