older news than the first
but the numbers are still good
"IOH deal potentially positive for FMS
BBY | BBY | 30 September 2011 | 0 Comments
IOH has sold its Koodaideri South iron ore deposit to RIO for A$32M plus a 2% royalty for reserves of 106.8Mt.
FMS has 748Mt resource, and still growing. At 1000Mt FMS would be worth A$300M on the cash paid alone vs. the current market capitalisation of A$237M, and at an iron ore price of A$100/t, sales of 25Mtpa for 20yrs, the 2% royalty would be worth $350M after tax, which would have to be discounted from the start of production. A comparable offer to IOH is worth $650M or $0.36/sh to FMS."
Bill
mike harrowell still loves us, page-3
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