Current snapshot Genmin - 5mtpa if in production now:
62% Fe US$107/t
GEN av 64% Fe VIU product add 8% margin = US$115/t approx realised
Cost US$59/t FOB Capesize Owendo
Freight US$19/t Owendo - China
Total CFR China US$78/t
Gross profit US$37/t x 5mtpa = US$185M annual EBITDA less 10% G.a.b.o.n government free carried
= EBITDA circa US$165M which is AUD$250M
Compare this to GRR & MGX EBITDA's and current Market Caps.
GEN not reached FID yet but in my mind it will succeed to transition to production 2H 2024.
At current MC its a compelling risk/reward proposition IMO.
News: GEN Genmin Announces Appointment Of Salina Michels As Chief Financial Officer, page-2
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $21.29M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $1.431K | 58.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 488416 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 118264 | 3 |
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| Last trade - 12.57pm 31/07/2025 (20 minute delay) ? |
| GEN (ASX) Chart |