Thursday, December 06, 2012 9:12:25 AM
For those who are new. $700 mill( the estimated value of Nhtale mine iron ore) \ 1.8 billion shares ( shares authorized for micron)= .38 cents a share. Now this is assuming the new company keeps the amount of shares form micron and using the estimated value from JUST ONE project. The new company will be worth much more! So just to give people an idea of the magnitude of this deal and the effects it could have on the shares price.
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