I agree that $4 could be conservative especially in the current iron ore environment.
My main concern is that twiggy may launch a takeover before full value is realised though.
He is obviously sniffing around, if FMG commit fully to the MOU then we will probably get taken over, scrip bid is a very real possibility.
Looking to pick up some more under $1.10 if we get there.
Enjoy the ride!!
1 1.5 bill tonnes iron ore june july results, page-3
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