That’s already a 25% increase in 3 months and it’s only going higher as supply issues can’t keep up with demand. Two recent issues here that will continue to take the price higher:
So MMSDF places a $100/ton 10 year estimate and they are halted and told it’s too aggressive? $100 may be conservative for this year only, it’s only going higher as the resource becomes more scarce.
Glencore, basically one of the largest natural resource companies in the world signs on to a life of mine with MMSDF:
Simple math using say only a $75 per ton average for 10 years (lowballed):
4m tons X $75/ton = $300m a year revenues
$300m x 10 years = $3 billion in revenues.
Current valuation: $0.08 x 300m OS = $24 million market cap
And this doesn’t include any other of MMSDFs projects. Insane trading for a $24 million market cap when revenues in upcoming years will be in the $300 million plus range.
Iron ore shortages isn't going away, Glencore sees the value in Macarthur’s mine, I see a huge undervaluation in the stock price.
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