things can only get better , page-9

Mozart

Current inground value for the FE - 43 million tonnes @ $100 per tonne - $4.3 billion.

If we get up around the 100 million tonne mark, it will be about $10 billion inground value.

If infact we do get to around 100 million tonnes with the uprgradeable material and our market cap of about $100 million, our inground value will be about $1 per tonne, 1% of the current value, so some rebalancing needs to occur to the upside, FE peers are valued at an average of $8.16 per tonne according to Pattersons report, so take your pick between $1 and $8.16 per tonne and thats hopefully where we land, i would be very happy with $3 per tonne value, would give us a MC of $300 million, SP over $3 ::))