Shthcop,
I agree that Lodestone is valuable.
I have rechecked the Shine tenement and we were paid by Mt Gibson $12m + $3m.
It had 6.1m tonnes of 59.8% Fe.
That equates to $2.46 per tonne. But not really apples-with-apples.
So the 10c per tonne is a very low ball figure.
If Ansteel don't want Lodestone then we should put it on the open market.
Ann: Scheme of Arrangement and Demerger, page-90
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