RE: Somehow it doesn't suprise me...I like the numbers but have to point out that steeldude is using Magnetite and taconite as the iron ore base and not ilmenite. Ilmenite, absent the Alatir process, is harder to process than magnetite and therefore 6.00/ton inground may be excessive. Using the 98% value gives $1.50 of inground value for the iron which is a good aproximation at this point until the Altair process is proven on a large scale. JMHO...
In any event, we will remain undervalued until the investment industry has an NI 43-101 they can hang there decisions on...
JB