is it possible 4.4doll. dow jones report?

1556 [Dow Jones] Iron Ore Holdings (IOH.AU) is taking off again, up 16.5 cents, or 13%, at a 2-month high of A$1.40 after agreeing to sell three of its Central Pilbara satellite tenements to a subsidiary of Mineral Resources (MIN.AU). IOH will get A$42 million cash over 90 days, subject to agreed conditions, and will retain 100% ownership of 878 million JORC resource in the Pilbara. Foster Stockbroking equity research sales trader Martin Carolan says it's a much better deal than the recent sale of assets to Rio Tinto (RIO.AU), from which IOH recently came up with a A$5/share valuation. "We valued the Rio deal at A$1.16/ton of iron ore," says Carolan. "This deal is A$42 million cash and no royalty. Therefore it is A$1.35/ton of iron ore. Given it has a smaller resource in place this is a much better deal as it is all cash up front." Carolan says if the remaining 463 million tones of iron ore resource at A$1.35/ton, IOH would have A$625 million, plus A$112 million cash, giving a A$737 million or A$4.44/share valuation.