Has anyone forgot to notice what the main point of this letter is? Why after so many years at the helm of the company is DM so interested in it? Cant be the 5b tonnes of magnatite...Cant be the high grades, if it was he could have done something about it a while ago. Wait on...I have an idea. If he really wants the company:
1. Go on market 2. Buy Like crazy 3. Keep buying till you get to 51% 4. You own it....
This should cost around $35m and you get it. If the value of the company is >$400m I think it's cheap.
Cheers
PDY Price at posting:
1.5¢ Sentiment: None Disclosure: Held
