RE:RE:RE:RE:RE:RE:RE:RE:Iron Ore PricesSooner, yes the share count has about doubled since 2011. However, the resource has increased by
about 150% in that time, so my thesis stands: All things being equal, the Casino of 2011 is an inferior
version of the 2021 Casino.
The $4, adjusted for inflation to $10 should have an extra 50% tacked on and voila, you have your $15
which is squarely in the middle of my expected range.
Let's keep it simple, no need to overthink things here, no?