below are approximates, i may be wrong. ok let me think about this, if BCI market cap is $40Mill for approx 50MT of Iron, then it is 80cents per Tonne.
so if FMS comes out with anticipated results of 390MT, not including the CAZ acquired tenement, 390 x 80 cents is $312Mill.
FMS current market cap is $180Mill, 180/312 = 57.6% of what it should be valued based on BCI valuation?
so you guys aren't actually downramping FMS, but upamping, i understand now.
FMS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
