Further to my post on 23/04/21 the price of 65%fe iron ore is US $243.00 compared with US $75.00 used in the PFS. This represents an increase in the bottom line of US$138 million each year. Very compelling argument for a partner sharing operation if required. My guestimate is that Jambreiro would have a value in excess of A$400 million. Given this situation the value of Jamreiro would be around $1.20 per share. I hope the BODs can sign offtake agreements so this asset can be monetised.
Cheers Rob
Jambriero Iron Ore project., page-5
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