The following article on the least 'on trend' of HAV's metals inventory piqued my interest:
Iron ore price gap here to stay: Mt Gibson - The Australian, 14/2/18 [Paywall]
"Mt Gibson Iron has become the latest iron ore producer to describe the wide price gap between high and low-grade iron ores as a permanent structural shift, leaving Fortescue Metals Group increasingly isolated in its view that the market is turning... "
Benchmark 62% Fe was US$77.36 a tonne overnight.
FMG's iron ore realises on average 77% of the average benchmark price for the top grade.
HAV - Iron ore resource inventory >450 million tonnes which can yield approximately 160 million tonnes of premium >63% Fe product. [> A$15.7billion in-situ value]. Plus exploration upside.
Mr Forrest, Why not buy-out HAV?
- Its tenements are in the neighbouring state of South Australia
- Higher grade Fe that FMG can blend with its lower grade product
- Diversification into blue, red and yellow metals
- Exploration upside: Jupiter MT, Grants Iron Basin etc
- Use FMG's expertise and balance sheet to bring HAV's in situ resources out of situ
- Act now if you want FMG to have 100% of Kalkaroo, while suitor Wanbao is taking in the Chinese New Year.
You could start talking to the 2 HAV founders.
Of course, you need to pay more than the current share price. Start the ball rolling at $3ps [$719m fully diluted]. Arguably, Kalkaroo alone is worth that! In theory, FMG gets everything else for free.
DYOR
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The following article on the least 'on trend' of HAV's metals...
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $75.99M |
Open | High | Low | Value | Volume |
23.5¢ | 24.5¢ | 23.5¢ | $53.36K | 222.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1144 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 19578 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1144 | 0.240 |
1 | 50000 | 0.235 |
2 | 51997 | 0.230 |
1 | 45422 | 0.225 |
2 | 12816 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 25000 | 1 |
0.250 | 20000 | 2 |
0.255 | 89934 | 1 |
0.260 | 79889 | 4 |
0.280 | 314814 | 2 |
Last trade - 11.28am 15/07/2024 (20 minute delay) ? |
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