yes it is well and truly overvalued. if you use longer term lower realised iron ore prices/dmtu of about 35-40c/dmtu and consider high capex of operations then one wonders why people are paying $30bn for a non-producing/cashflow earning debt laden company that has billions of tonnes of dirt(but is not selling any of it now)??
eventually the bears will sort this one out. back where it should be.
