magnetite gurus: what is 500mt of mag worth..., page-5

I should also say:


ACS:

Number of Shares: ~100mn

Mkt Cap: $35mn at 35cents

Tightly held register: Chinese steel mill has bought 13% of the company over the past 2 months at these prices - 30cents per share.

Directors and management heavily invested too.



PLUS, have another project Vanadium at Katanning.


But im not here to flog the company, just to find out what is a fair and resonable value for 500mt in pristine location with an Asian buyer who has already expressed significant interest in buying the project.

I will disclose, i hold plenty of options and shares and have been buying more ACSO at 12.5 recently. Ive held for 11months my initial entry holding.



So gurus, whats the EV norm for magnetite in WA?


What should 500mt be worth?



Cheers!