Quote from the report
At the stroke of a pen, Rinehart has unleashed a game-changing deal which is set to revalue iron ore in the ground – and ultimately many iron ore stocks across Australia. Put simply, undeveloped iron ore, until very recently, was valued at about $1 a tonne. Under Rinehart’s deal with Posco, the valuation is at least four times higher, at $4 a tonne."
I do it again for you, Alquimista :
currently 1.6 billion tonnes JORCed MT.Bevan
simplified : 1.5 billion
1.5b x $ 4 = $ 6 billion
40% ( our Mt.B JV share ) = $ 2.4 billion
2.4b / less than 2.4b shares = at least $ 1.00
According to the Rinehart deal our 40% would be worth at least $ 1 per share. Not saying that we get that guaranteed but if Gina got it why not we too ?
As the article stated the big IO producer get valued according to their PE ratio but explorers get valued according to the inground resource.
Summary : HAW, like many other explorers, is extremely undervalued, no rocket science why the foreigners are buying them like crazy.
BTW, got similar reply from MG as Floy.
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