Should actually see $4 to $5 share price next year if Mungada produces 2mtpa and if Karara is under construction to produce the 12mtpa in 2010. I estimate a $13 to $15 share price with Karara in initial production on a high PE ratio for production upside, bullish iron ore prices and infrastructure secured. Of course I could be completely wrong so DYOR.
PS Ouch - my hangover hurts
Should actually see $4 to $5 share price next year if Mungada...
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