HAW 0.00% 6.3¢ hawthorn resources limited

show me the money!!, page-2

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    Any reasonable TO price would have to be between $0.046 - 0.055 per share at a minimum based on a 1 billion ton Fe resource (plus min 100% upside).

    That values HAW (Mt Bevan assets only) at $80m - $100m. This is cheap anyway you look at it, but certainly well and truly affordable for NMDC.

    That would give NMDC 70% of Mt Bevan (40% to buy out HAW and 50% of LCY's 60%).

    Not bad for a $120m outlay ($18.9m to LCY and $100m to HAW).
 
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