You could DCF it. James Duade has looked at it in-depth in the past. The fact of the matter is, Abaxx is not going to build an iron mine… unless it’s through another spin-out company. So that will not contribute to revenues at all. Nor we do want them to, that would take many years and burning many millions of dollars.
They could sell the iron assets to a mining company, but they have no reason to sell the projects off as long as iron ore prices are depressed. They’re not actually worthless, but Abaxx is not giving them any value currently.
"The LabMag/KeMag iron ore properties" - how to even value this? Does that contrubute to revenues at least somehow?
You could DCF it. James Duade has looked at it in-depth in the past. The fact of the matter is, Abaxx is not going to build an iron mine… unless it’s through another spin-out company. So that will not contribute to revenues at all. Nor we do want them to, that would take many years and burning many millions of dollars.
They could sell the iron assets to a mining company, but they have no reason to sell the projects off as long as iron ore prices are depressed. They’re not actually worthless, but Abaxx is not giving them any value currently.