Ann: MAIDEN RESERVE - CATHO WELL CHANNEL IRON DEP, page-4

re: Ann: MAIDEN RESERVE - CATHO WELL CHANNEL ... Let it roll,

Put simply yeah that is correct. 21mt CUL's share x 69$/t profit = $1.45B. I'm not sure what stock price would fairly reflect this valuation but i'm sure its more than 4.5c per share. Maybe someone can do a valuation comparison between other ASX stocks with JORC Ore Reserves? I can't be stuffed.