They've got fully diluted shares of 9.36B, which includes about 200M options that are all in the money.
This gives about $468M market cap based on the latest share price of 5c.
We have 9.26b shares, which is a mkt cap of $396m at 4.3c.
If their mkt cap doubling by $230m was due to just NWI in the last week based on their 28% holding, then the remaining 72% owned by AGO would be worth $591M...
Ann: Response to Fortescue media release, page-24
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