trading halt, page-21

Latest investec report on the IOH website dated 6 Feb 2012:

"We value Iron Valley at A$172m (after risking to 40%)
assuming a 7-8mtpa operation beginning mid 2015 and a low capital cost of A$375m on the assumption of sales at the mine gate. Wah Nam or FMG are likely bidders."

Derisked that implies $430m. Against a current market cap of $250m.

Deal with FMG has to be the logical option. Fingers toes and legs crossed. Cant believe after all this time and according to media reports playing hard to get with various parties IOH would be content with a straight sale (even with a royalty kicker), a mine gate sale agreement with mining access granted to FMG so they can get at Nyindinghu would seem to be most logical bet here.

In any case a trading halt request so close to market close must mean its something big, looking forward to Monday for a rewarding announcement, good luck all holders...