I have done my own rough calculations here for a value per share...

I have done my own rough calculations here for a value per share of what the hematite operation means to Sheer based on available information in shareholder presentations, see here https://shreeminerals.com/downloads/cip141220.pdf

I use an exchange rate of 0.8, I use a very high discount rate due to the short mine life for hematite and I assume 300ktpa shipped @57.5% Fe, with a discounted US price of $140pt (for 58% Fe and not 62% Fe), might be a bit high. While my calculations only return a value of 6.6c per share once mining begins again, the important thing here though is that Sheer will be earning approximately AU$20m per year in which to be able to fund the magnetite operation as well as its other exploration activities without having to go back to the market for funds. This could be a very good year for Sheer, happy for anyone to pull apart my thinking and any poor assumptions I have made. I have the magnetite operation valued at 10.9c per share so both hematite and magnetite operations should value the company at 17.9c per share, in my view.