tty undervalued a pe of 1

TTY's current shareprice of 34 cents, would make it one of the most undervalued shares on the market. A producer with a PE of 1 or possible 0.5
Analysts are now expecting an IO FOB price of US$170 - 180 /tonne going forward. If this is the case then TTY could make $200 million pa. profit. ( 2 million tons at $100/ton profit, not likely but possible)


"Between now and the middle of this year, iron ore price is expected to trade at between US$170 to US$180 per tonne free-on-board (FOB) compared with last years average of about US$144 per tonne FOB.
The focus will be on the trading of spot iron ore price this year. It will be on an uptrend but prices are not likely to escalate by 50%-80%, like what was experienced in 2008, he added.