GRR 2.74% 37.5¢ grange resources limited.

Pellet Price, page-542

  1. 849 Posts.
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    Lads I am still learning about grr. Current market cap is $625m. For that I get.....
    1. Net cash in bank in the range of $200m to $250m. Probably closer to 250m by now.
    2. All of the assets of the existing operation including Pellet Plant, mine, marketing relationships etc.
    3. Earnings at a run rate of ebit $500m per annum. Probably about $300m per annum net earnings.
    4. Ownership of the Southdown deposit Probably worth in the range of $100M?
    5. Property development assets for sale worth in the range of $10m?

    Have I missed anything? Looks like a good deal to me.
 
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