why undervalued? if they have to sell the 1 billion or 5 billion or what ever for 80usd and the cost will be 100usd than nothing is undervalued..than they have to stop the whole project. I think the production would start in 2016 if everything is working..for sure there can be a pop in the next months but for the longs it doesnt look good. they have the highest costs in shipping the fe from canada to china...

 

does anybody know with which fe price they calculated the whole project? maybe we see this in the feasible study