$2 per share?I want 50 years of $2 dividends!!!!Given how much...

$2 per share?

I want 50 years of $2 dividends!!!!

Given how much the Top 20 hold, I would imagine any suitor would struggle to get a majority holding in a hostile take over unless there was a very healthy premium.

I would imagine (hope?) a strategic investment would be a more appealing proposition.

Invest $750m to:
- drill out the 40kms of strike in the "Bekisopa District"
---- prove up the remaining 70% of Bekisopa
---- Drill out Satrokala and the other resources
---- Prove up 2B tonnes of DRI concentrate by defining 6B tonnes of ore at 30% recovery
- increase production to 10-15Mt per year
- accelerate the DRI concentrates program
- sort out higher volume transport solutions (logistics and port)
- build a pellet plant

If we get a binding off take that pays for all studies and equipment to get to 1Mt, the share price would be $10.

That could be as soon a 4 years away.

Why would you sell? It would be near on impossible to find another company or project that will give you returns like that.

It would be a hard "NO" from me.