re: jzed please read pecora,
IMO the announcement doesn't do anything for the share price at the moment.
With over 900m shares on issue fully diluted, the current share price implies a market cap of over $100m.
A closer look at the numbers from the JV in Chile provided by ADY shows that the projects expects to generate earnings of $10m - $15m per year before the port announcement.
Considering past cost blowouts and delays, I am skeptical they will be able to achieve the $46mUS profit increase.
Isn't anyone else of the opinion that a profit increase of $13 per tonne sounds too good to be true considering that iron ore sells for $70 per tonne?
IMO this company has always been about lithium and not iron ore.
All iron ore does is justify a share price at around these levels.
What are other's thoughts?
not bad for a red ink day, page-11
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