GRR 1.92% 26.5¢ grange resources limited.

GRR Valuation, page-282

  1. 85 Posts.
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    Just wanted to thank whoever sold me shares at 70c..I love getting free money. Just Crazy that at 70c it values the company at $810m and EV 310ish (without July) - that is almost half of Vulcan Energy (now almost 1.5b) - a company that just abit more than a year ago was 21m.

    Even at today's IO price (US$200.70 65fe, US$49 pellet prem) we still make between circa AU$225 profit per ton (cost AU$110) and AU$245 per ton (cost AU$90). Thats 18m - 19.6m gross profit a ship with around 9* 80k per quarter.

    Cash machine.

    Maybe we should buy a cheap lithium/graphite/ uranium company - watch the SP skyrocket.
 
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