Thats an impressive comparison and it is very bullish, so
The bauxite price is around A$60 per wmt; (Take note the aluminium price is going up now)
AISC is around A$32 per wmt ( it is good to see that freight cost for capesize freight is reducing)
Output for 2022 is 4.3 wmt;
Net profit for 2022 is : ( 60-32) * 4.3 = A$120mil;
There are 2,989mil SOI, so earning per share = 120/2,989 =4c, yet we are trading at A$90mil market cap which is a joke now, the market cap is ridiculously less than the net profit;
We just assume Price / Earning ration to be 20? The share price = EPS * PE = 4c * 20 = 80c;
With the proved leadership from current management, actually they are keep their committment to turn around the company to keep reducing our cost is smart way, not to mention the current increasing aluminium price and decreasing freight price.
Above is just based on my understanding to do the calculation, would sure appreciate someone mayb@JPGuru can correct me if I miss anything out. DYOR.
MMI Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
(20min delay)