figures dont lie

With iron ore at $100Au a ton, with reserves puts wilgerup pre sold ore worth about 1.3 billion and a 2.5 million ton a year is 250 mil. Mine running costs equipment and transport (rough figures) $45 a ton delivered so each year you are looking at about 140 mil
profit at 10 times P.E ratio values cxm about $6 to $7 a share. Bunglow prospect is a 250mil ton prospect valuing
this at todays prices at 25 billion. You only have to look
the PE and value of of other iron ore companies that have prospects and no infrustructure near them. It show cxm way undervalued and will reflect it in sp when banfk feasability comes out, also in MAy when mine design and economic model comes out.