Lets say they have a possible 400mtSo if you had a potential...

Lets say they have a possible 400mt

So if you had a potential 400mt of high grade hematite in a boom time, close to infrastructure, surrounded by the big boys,and enough funds to carry a drill program, and another 40 mill in option money to come September,and diamond right to all of the FMG land, and other diamond tenements in AUS, and JVS in place...

Would u sell it all for $250 mill??

Even if we based it on the ore alone it would be 62c per t?

I guess thats what u need to work out to work out whether the MC is high or not.

We all know the ore is there, how much who knows, but thats the punt u take.