IOH
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0.00% 70.0¢ iron ore holdings limited

Good point praia - I hadn't thought of that! But you're right if...

  1. commodorecontrarian
    1,694 Posts.
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    01/03/13
    09:57
    Post #: 11484231
    Good point praia - I hadn't thought of that! But you're right if the price of Fe is still strong enough in 10 years to justify FMG developing N then I'd suggest they will be prepared to pay for the residue of the tenement from IOH. A potential $50m residue value probably adds another $20m to the NPV of the project.
    IOH Price at posting: $1.20 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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