What do you think about the fair value of Cam-Iron?
They could own about mor then 500Mt iron ore. If they would produce it currently, they'd receibe about 75USD per t. The cost for production (including finally the shipping cost to china) will be arround 30-35USD/t.
So they could earn for all the 500Mt a revenue of about 35-40Billion USD and a value of about 20Billion USD for Sundance. So 51% could have a value of about 10Billion USD. Min. about 8Billion, what is about 1USD per share.
Who has another opinion????
SDL Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held