more news in the paper, page-3

Not sure why people are throwing 20cent numbers around.
If you did your maths based on the latest market update as follows

$38 x 2,500,000 tons = $95million profit per annum.
Were about to sign a contract for a further 1.5 million tons..that add no value to stock just adds money in the bank which is just digits for the market

If you want to work off the rest of the miners who are between 5-15 x earnings. I would conservatively base it on 3-5 x earnings as the market is so blind and negative on iron ore at the moment as there is plenty of judgement day analysts saying ore should be basically free lol

However to add to the above we already hold $130 odd million in cash..and we have assets over 40cents per share..
Oh and no debt

I'd rather we just shut up shop and sell up =)

GLTA