GREY:AFRIF - Post Discussion
Post by
LTGoldBull on Mar 15, 2013 9:57am
Brokers
They (AFF) got 10 cents/tonne for 37.5% interest in Putu's 3.2 BT's for $115M (now 4.4 BT's)(Putu Deposit in Liberia, now 100% owned by Severstal)
So even 10c on the 3.2 BT at Nkout, say 1 BT x3 other properties = $420M + now $80 cash = $500M
My minimum valuation $500M / 1.51 = 330p
Just a little higher than SP Angel 225p and Panmure Gordens 279p and at only 10 cents a tonne, when spot iron prices are $139/tonne (1% is $1.39) hummm cheap as dirt!
Just a little off todays SP 70p, C$1.057 at GBX 1.51
Turnaround Day March 26th, Railway is a go!
Cheers, Mark
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