IOH 0.00% 70.0¢ iron ore holdings limited

From the announcement:Pre tax NPV at 10% discount rate of...

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    From the announcement:

    Pre tax NPV at 10% discount rate of between $180mill-$500mill.

    Let's assume it's worth the mid-point, around $350 mill.

    Add the cash in the bank (@ $100 mill) and we can justify a NPV of $450 mill.

    Bring on a good deal at Bungaroo and I see a justifiable case for NPV around $1 billion.

    Just my 2c worth.
 
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