Yes annual report imminent.
Agree $300m NPAT verse their market cap....puts it on a genuine PE ratio of 3. Earnings that very much look sustainable.....not a one off, (as new casual observers would expect here ). There are no other stocks with the same profit to market cap fundamentals - anywhere.
In fact, it is very clear and attainable, that this profit will be doubled upon mine expansion. The resource is there and a strong market for high grade iron ore. Not a pipe dream for doubling of high grade iron ore production, whatsoever.
How cheap the SP is - beyond question. Chatline types who follow the stock, have micro analyzed it to death..... the profit announcement is a perfect opportunity this week, to alert new investors to the fundamentals here.
In fact - the report (and cash stockpile), won't alert new investors, more like shock them into an almost unprecedented situation here.... for this long established company.
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