good discussion guys,
in terms of the Ridley Magnetite, blythe said
"You are basing this off the top-of-the-cylce peak price some fools paid Tony Sage for the ultimately more crap chunk of rock at Cape Lampoon. They paid in when iron ore was $120/t, now its half that."
Based on the CXM - WISCO deal it has an implied value of $362 mil (2.01bil tonnes @ $0.18/tonne). This deal was announced on the 18th Dec. Definately not top of the market.
Ridley is more advanced and better located.
- Forums
- ASX - By Stock
- AGO
- ago operating cash flow positive?
ago operating cash flow positive?, page-54
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)