That's exactly the calculations that I am making, if the iron ore price stays at the current level the profit will be around the $30 million mark and could well be more. The only reason that the share price hasn't gone up is because Legg Mason is selling out (selling on average 25 million shares a day) and the reason they are selling is that the debt is going to be refinanced and they just want out. DYOR but.
That's exactly the calculations that I am making, if the iron...
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