I would like to provide some figures based on simple arithmetic and the company recent announcements.
Looking at the IOP chart below, it is very easy to estimate that the average IOP in H1 FY21 was less than US$130 and the revenue for the same period was US $9.3bn.
Looking at the same IOP chart, it is very easy to estimate that the average IOP since January 2021 has been in a range of US $175-180 or ~40% higher. As the SP in January 2021 was $25 and even it reached on some days over $26, this means than the fair value of the SP now should be at least $25*1.4=$35 what clearly indicates that the SP is significantly undervalued.
Based on these figures a projected revenue in H2 FY21 should be ~US $13bn.
irynka
Iron ore price, page-31728
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$16.82 |
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