Hi@Realinvestor1 - can you please revise your model - see page 22 and 23 - they are using US$110 per tonne plus premium of $US$25 or (US$5 per tonne). I'd use 0.77 AUD as USd will go lower due to interest rates increasing.
They state in the assumptions that they have formed their own view on exchange rate.
The theme is they have been very conservative in revenue assumptions. Means there is plenty of upside if iron ore prices stay high.
So, if we assume AUD$200 per tonne I think this is more realistic and indicates share price upside
How did the day traders read the report so quickly as there is plenty of information in the appendix.
Ann: Maiden Ore Reserve for the Razorback Iron Project, page-143
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