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11.0% 3.7¢ strike resources limited

Ann: Proposed Divestment of Paulsens East Iron Ore Project., page-34

  1. mornington
    1,232 Posts.
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    03/01/24
    19:40
    Post #: 71714739
    Paulsens East.Proven and Probable Reserves 15.8 million tonnes,plus 60% FE.Shovel ready.
    Sale Price $20mill.which equates to $1.27 a tonne.
    You have to be freaking well kidding me !!!!.
    Industry standards would apply an in ground valuation north of $20 a tonne for such an asset.
    Anyone smell a rat ?.Won't pass the FIRB.
    SRK Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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