Anyone who owns energio shares should rush out and make sure they get themselves a copy of the weekend Australian. This article plus the financial review article over the weekend will surely propel energio into the thirties on Monday. Ian burstons comment that he has done his figures and costs are under $50 per tonne and we will be in production in 2014 brings about some heady numbers for the share price. With iron ore around $100 per tonne we would be making $50 a tonne x 20 m/t pa is a billion dollars a year. By my calculations this would make energio shares worth around the $30 each......just saying!
EIO Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
