Sorry folks can't find the post again about the valuation but basically it was a quote from a media oulet about how an iron-ore coy is valued approaching mining.
It quotes(from memory) a MC of approx $1.3b post resouce def. and DFS. Post finance $4.5b! Of course this will be dependant on the deal struck.
Still plenty of upside if we see this beast financed!
Hell I only got a spare couple G's but if we all pitch in instead of topping up...........you never know!
Nectar any thoughts on the China situation I mentioned earlier, thanks.
SDL Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
