do a math, and make ur decision, page-27

Hello the sp is very cheap mk of 200 million and 135 million cash
So is bc iron worth 65 million dollars well

firstly their iron ore agreement with fmg alone if they sold the rights to truck 4 500,000 million tons a year would be worth at least 80-90 million to companies like ago or roy hill

secondly according to the books they have 207 million current assets

thirdly i expect even at 75 dollars a ton they will make 35 million next year

and fourthly what happens if they aussie dollar retreats further and iron ore prices recover to the 90 dollar level with the present exchange rate they would be back to earning 75-80 million a year profit.

come on this is a joke