IOH
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0.00% 70.0¢ iron ore holdings limited

Drnoh, current resource in ground/market cap is close to...

  1. alexmck99
    8 Posts.
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    24/05/10
    14:50
    Post #: 6729336
    Drnoh, current resource in ground/market cap is close to AUD$0.50 per tonne even at today's price. Quality of ore is high.

    Compare with say BCI, which excluding cash at bank is priced at around $1.20 per tonne for lower quality ore or
    BHP takeover of UMC valued at ~$1.30 per tonne, IOH looks significantly underpriced.
    IOH Price at posting: $1.87 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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