Heh Matt just borrowing your valuation on the SDL thread:
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Brazilian Ferrous: 4.6 Bt @ 33% Fe = approx. 1.52 Billion tonnes of Fe --> BHP will pay $6 billion = $3.94 per tonne.
Ferrous also needs to build own rail and port.
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-so on Marillana alone that would make
450MT at 61% Fe x $3.94 = $1.773B or $12.31 per share... and unlike Ferrous BHP have a rail line that runs over the top of it.
Thoughts?
