That would be the bomb if that happened. Recent movement in iron ore (even with AUD strengthening), still gives at least an additional $10 AUD per tonne - at prices now! That's adding an additional $2 to $4 million a month revenue - on top of whatever the initial profit was. Market cap of $53 million is just laughable at the moment. If iron ore stays where it is now or increases (which is what the market is expecting with all the new infrastructure push worldwide), we're talking minimum $50 million in the bank for the year. Plus all the shares in TZN, eminerals and all the tenements still to be explored and mined, this thing should be minimimum $300 to $400 million MC. All IMO and my maths can suck sometimes - happy to be corrected, but if I've got the above right, just give us that off-take agreement and give us final estimated profit per tonne and GWR is going up, up, up.
