Rough Sums.
15M in cash
400k tons of iron ore - profit per tonne maybe 25AUD? give us 10M in extra cash
That's 25M cash and stock
Current Value of resource at fire sale? Maybe 50M? (probably more)
Total of 75M?Shares out are 2158482373
Give us about 3 cents a share...
Thoughts?
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Rough Sums.15M in cash400k tons of iron ore - profit per tonne...
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