fair point however i gave you a very conservative valuation...

fair point however i gave you a very conservative valuation based on todays numbers. Even with further raising we could be over the dollar mark very quickly purely because of the tiny market cap. Dont forget the Fe is at 60%fe which is currently in extremely high demand.
This could absolutely fly tomorrow if the JV goes through make no mistake about that. Also NSL are much further advanced then what FDL are and were at the time of their announcement. Dont forget that the 200MT estimate is a conservative estimate which provides room for plenty of blue sky. Could get very interesting tomorrow if JV is approved.