Iron ore price, page-844

Not at all, I am simply valuing the the "Equity" of the company, which is what you are buying when you buy a share, hence why another name for "Shares" is "Equities"

There is currently about $3.32 of "Equity" per share, (The Equity is the depreciated book value of all assets owned after the debt is subtracted)

This "Equity", earned 29% Net Profit After tax, last half (with a lower average IO price than we currently have this half)

So, when it comes to working out how much each share is worth, you have to value how much cash you are willing to pay to owned each $3.32 parcel of equity we can a "Share", to value that parcel of equity you take into consideration the earnings that $3.32 is likely to earn, if that is some where between 25% and 30%, then the $3.32 of equity is worth a lot more than $3.32, I would say easily double, maybe close to triple.

especially given that the equity is growing it will be $3.50 by June, and probably close to $4 by December.