Then why even mention $4 to $5 if it has no relevance to the point you were making?
As we have shown, just because the SP was $4 to $5 when the iron ore price was historically lower, that fact has little relevance today given:
- retained earnings have resulted in a much higher net assets value
- interest rates are much lower, meaning future earnings are more valuable
- shares on offer have reduced, meaning earnings per each share are higher for the same amount of earnings.
Your post is useless and misleading at best...
Then why even mention $4 to $5 if it has no relevance to the...
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