indian iron ore valuation due in a week, page-5

lets say 400 million tonnes @ lowest $65/tonne

$26 billion.

Take out tax/costs (see previous threads) etc of lets say $15billion

leaves $9 billion which equates to 60c/share for CFR.

This is just a very very very basic calc.

So anything over 400million tonnes then 40c is very possible.

When figures come out then we can start valuations.