RE: iron project So Mike mentioned in that video that he would want to sell the asset.
I was thinking what kind of valuations would you put on an asset like that? With the potential of 30 million tons of ore at a conservative number, and ore selling for $120/ton as a finished product, would $10 a ton be reasonable? That would value the asset at $300 million, or $5 a ton, so a valuation of $150 million? We have 150 million shares so at $5 a ton we should be valued at $1.00/share without any multiple being applied.
Curios as to what others feel or think. I think we have a huge discrepency in share price if in fact the value of the asset is correct.