how many shares do you all hold, page-28

"Subsequent announcements are just going to see this happen each time.

Current numbers

DSO 190Mt x AU$10/t = $1.9B
Ita 1Bt x AU$1 = $1B (assuming US Aussie parity)

No. Shares approx 1.9B

Value per share $2.9B/1.9B = $1.52/share

Please correct if this is too simplistic."


Your answer your own question asking "is it too simplistic", but long term, or in a year or two, those numbers will be achieved.

Right now, at this stage, i dont think you could give the figures you gave.

If you attributed the same multiples for all other Fe company's, GBG would be $5, GWR $4, FRS $4, even the other African Ironore miner DMM $10 (currently 90c) or whatever.

So for me, it just depends on the time frame.


What i can say is the buying today was relenteless and the briefing was very bullish.

Im not sure if insiders knew about the briefing coming up later in the day, or reversely (is that a word; lol) if the company released the briefing after the high volume high appreciation in the morning.

Either way, a bullish day with candles blowing the top off my computer.

lol