At .12 the fe is now valued at zero.
M/c is currently $36m
Cash as of 30/6/21 was $23m
TGN & EMT investments worth circa $10m
Fe profit since 30/6/21 guess of $5m?
Total value in cash and investments $38m
Assets currently valued at zero are:
A large fe project for future sales and further developments if there is a sustained lift in fe prices.
80% reducing to 50% of Hatches Creek tungsten project with TGN.
TGN can buy out GWR for around $6.5m cash if they wish.
Ann: C4 Iron Ore Mine September Update, page-15
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