A$164,000,000 profit per annum (on current IO spot price)
432M/164M = PE ratio of 2.63
2.63 v 10-20 PER
Thats a 5-7 bagger undervaluation v BHP RIO MIN FMG
Yes, AGO is a cashflow star performer right now on the Q1 results and current IOP.
And if the trucking costs are slashed using rail spurs, even more free cashflow from A$970Mpa revenue stream.
Weve been had!
Gina is the 4th force in Iron Ore! Thanks to AGO & FMG
AGO Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held