Bloom Lake mine value at it's full production.Does someone know or can do the math about the value of the mine at it's full production?
Like in 2011, when the mine was sold to Cliffs for 4.9G$, I don't remember the number of shares but if I remember, the price of shares where at 17.25$ each.
https://www.miningweekly.com/article/cliffs-to-buy-consolidated-thompson-iron-for-c49bn-2011-01-12
(If I do something wrong tell me)
If I extrapolate the price paid in 2011 of 4.G$ to the numbers of shares in circulation 196.64M
It gives me a share price of 24.91$
Is this possible at an iron price of something near 180$?
Thank you for your future answer.