iron ore company for sale

Offer: Offers will be accepted on this forum only...

Current Bid: $355,000,000 (Mattaward and/or Nominees)

New Bids:






Facts:
Karara Magnetite Project
– World-class 1.43 billion tonne
JORC resource
– Initial reserve 497 million tonnes
– 8mtpa production in 2010
– Exporting high-grade concentrate
– Pellet plant located in China
Mungada Hematite Project
– 27.1mt JORC resource
– Initial 14.3mt reserve
– Initial 2mtpa production in 2009

Karara Magnetite Project BFS Results
• Current Reserve supports 25 year operation
• Producing 4 Mtpa Concentrate and 4 Mtpa Pellets
• Generating A$9.3 billion LOM free cash flow
• Annual free cashflow approx $375 million
• IRR of 24.6%
• NPV9% of A$2.25 billion

Recent Sales:

Midwest Corporation $1.2 Billion Dollars
Other Iron Ore Comapanies all revisting market cap highs.

Summary: Beautifully presented company with quality board and managment , would suit new iron ore purchaser , room to expand , beaitiful viws , subdivision possible etc etc

Comments Welcome:::

MUST SELL