back of envelope projections for value, page-11

I bet all of those traders who drove Fortescue up to $60 last year before anything had come from the ground didnt really give a toss of what is relevant or irrelevant. I could think of over 100 companies right now who have a SP way above what they produce just based on momentum and the what ifs. After all isnt life all about taking risks and yes,we lose sometimes and sometimes most we win. Dont theorise yourself out of having a life that is full of excitment and adventure. Lots of well educated poor people on the planet.