Murchison's

Late Thursday in Sydney, Murchison's shares were trading 49% higher at 41 cents, giving it a market value of A$122 million.

Mitsubishi Buys Out Australian Iron Ore Partner Robb M. Stewart 2011

Murchison's largest shareholder is South Korea's Posco, which holds a seat on its board.

Mitsubishi Buys Out Australian Iron Ore Partner Robb M. Stewart 2011

Murchison's share of the costs for both projects is around 15 times its market capitalization, and well above market estimates of marginal full-year earnings.

Murchison Says Iron Ore Project Costs Soar David Fickling 2011

Though Ruari Murchison's design has trees everywhere, the view is unobstructed by anachronistic gimmicks, save for a beguiling suite of songs by Simon Slater for the much-underused medium of the zither banjo.

As You Like It Alfred Hickling 2010

Following the news, Murchison's shares plunged 21% Monday, the company's first day of trading after suspending its shares on June 23, before recovering sharply to 75 Australian cents, down just 2% from their last trade.

Murchison Says Iron Ore Project Costs Soar David Fickling 2011

Following the news, Murchison's shares plunged 21% Monday, the company's first day of trading after suspending its shares on June 23, before recovering sharply to 75 Australian cents, down just 2% from their last trade.

Murchison Says Iron Ore Project Costs Soar David Fickling 2011

A preliminary study commissioned by the joint venture last year estimated Oakajee could cost A$5.24 billion to build, which is equivalent to around 17 times Murchison's own market value.

Murchison Seeks Chinese Partners for Project David Winning 2011

A preliminary study commissioned by the joint venture last year estimated Oakajee could cost A$5.24 billion to build, which is equivalent to around 17 times Murchison's own market value.

Murchison Seeks Chinese Partners for Project David Winning 2011

Murchison's share of the costs for both projects is around 15 times its market capitalization, and well above market estimates of marginal full-year earnings.

Murchison Says Iron Ore Project Costs Soar David Fickling 2011

Oakajee was originally expected to cost around A$2 billion, but a preliminary study commissioned by the joint venture last year estimated that the cost had risen to A$5.24 billion, equivalent to around 17 times Murchison's own market value.

Sinosteel Freezes $2 Billion Australian Iron Ore Project David Winning 2011