$1.12 eps trading at $0.33 screaming buy?

We gave very gigh grade iron ore. Based on an estimates of $150.00 a tonne throughout 2011 keep in mind the current spot price is sitting at $166.00 a tonne we are looking at revenues of 800,000 tonnes mined for a total of $120,000,000 earned assuming we have cash costs of 35% and it is brazil so I doubt that but that would cost 35% leave us with 84,000,000 profit with 75,000,000 shares on issue that's a book value of $1.12 a share that's not including the $2,000,000 upgrade of the plant to process more ore but wait until we get to 3mtpa production by 2013 the next BCI for me. placing my order on monday I have a short term target of $1.00. Just wait until the jorc is released blue sky