are you guys watching this , page-2

bit hard to do a valuation without any idea of resources, no drilling's been done on any of their tenements but I guess someone could do a valuation based purely on the goals set out in their last announcement ie 250mt and 500mt of DSO Fe from the Colombia tenement?
Purely in layman's terms (I've never done anything like this before) if they reach the 500mt target, shares on offer would be around 240mill so if the final Fe value for the company was $1 a tonne then does that mean the company should theoretically be valued at $2.08 a share?
$1 a tonne would probably be a fairly pessimistic target right? So even that scenario bodes well!