mmx heavily undervalued at $124m

Great, in terms of market cap this is where we stand in rank (excluding BHP, RIO, and FMG) in terms of ASX-listed iron ore companies:

1. AGO (inc. FRS)
2. AQA
3. SDL (after Hanlong 57c offer)
4. OST
5. MGX
6. GBG
7. GRR
8. WPG
9. BRM
10. EQX
11. FMS
12. BCI
13. MOL
14. MMX
15. AKI
16. RHI
17. IRD
18. IXR
19. CXM
20. GWR

Great, we ranked 14th based on today's market cap and plus 3 (so 17th) if we include BHP, RIO, FMG.

We have lower market cap than FMS, BCI, and MOL, how undervalued is that.