MGT General and Off Topic Chat, page-385

So with all the excitement and talk around who we are and who we could become & comparisons with FMG, I did a little research.

Whilst I do believe it’s difficult to compare us to another company due to the variables that underline each seperate mine, location, jurisdiction, world events, demand, weather, infrastructure etc etc wether it be another junior or a major. It is also nice to dream.

FMG

Listed 1999 SP $0.45 I/O $28/MT
Construction commences 2003 SP $0.3 to -$24 (construction finance & low I/O price???) I/O $33/MT USD
First shipment 05/2008 SP $9.80 I/O $170/MT
First Divi (0.03c) 03/2011 SP $5.88 I/O $177/MT

Total Divi’s paid to date $5.70/share,
Current SP $20.82
52wk high $26.40
52wk low $10.61
Todays I/O $168/MT

Note I/O price is based on 62% fe which is a inferior product to what we have. Based on what I’ve read ours will command an additional $2-4/MT & at an average of 8mtpa this equates to an additional $24Mpa.

If anyone has any further info to add or can double check my info I’d be more than happy to read it or be corrected.

To say I’m excited about what the future may hold is a “slight” understatement!

Just the musings of a guy forced to sit through MAFS & shouldn’t be taken as financial advice.

DYOR, GLTASH’s,