If BHP and RIO were valued like OZL is at the moment (pre suspension at 55c) then what would the value be????
OZL equation : JBWERE valuation 1 month ago 7 bill assets less debt 1 bill equals 6 bill. So at 55c that equals a 75% reduction in asset value.
So if rio assets are?? less debt = then the remaining value take of 75% divide that by the shares on issue what figure would you come up with, the same with BHP
I think its very concerning
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a concerning thought
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