gary of to china for further talks, page-59

I just heard a rumour Superkite is going to make a takeover bid for BHP and RIO and combine the iron ore assets with a sugar-coating coming from FMG. They'll then give the mega-asset to Stokes and Quinn to run as iron-ore ubergotts.

This will give PDY production in excess of 700 million tonnes per annum, and total assets worth $200 trillion, with a net tangible assets per share of $74,952. Why is PDY so undervalued at 0.5 cents ?