bauxite sold u$ 50--60/t

Some poster pointed out igv $50 billion,this is misleading.

32% bauxite priced between Us $30--60/t at current market, so you may work out IGV $5 billion, EV should be 1%, i.e. $50 million.
(EV for iron ore player normally 0.5--1%)

But ORD currently holds 22.5% only, so the fair EV should be $16m for ORD.

The IPO and the further CR will dilute the 22.5% of course.

Market was over-excited about the news, whatever it was, there is actually nothing new compared with 1 year ago.

(Wanna keep silent but the $52.9b title is really annoying.)