Their cost is AUD$100/t or USD$74/t, and they've indicated cost deflation of a further A$10/t into the next quarter or two from optimisations so AUD$90/t or USD$69/t so at USD$100/t sales prices they are still making decent margin at AUD$42/t. Then when multiplying that by 1.25mt p.a. we're at $52.5m margins p.a.
The point I'm making is there's all this free cash just sitting there even at conservative IO prices that the market has priced FEX way off
the mark it's silly. This is a no brainer buy at these prices.
80c Share Price, conservative & discounted valuation, page-3
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 212408 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 18176 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |