DJC have worked this out on current Enterprise Valuation using...

DJC have worked this out on current Enterprise Valuation using the 43 MT Jorc reserves but with a transport rider. They anticipate 'upside' with increase in reserves. People are gradulally sorting their way through the recommendations and will move in now the election is done. DJCs have had a pretty good track record with their iron ore analysis - just give it time to filter through. Davo will send tonight. A