I agree with potential for the level of profit to be north of $380m NPBT, and hope they get there - I am just being conservative in my expectations for FY24 at this early stage (hence the lower FY24 average CFR price I used of US$113 vs about US$130 today).
Impact of my conservatism is a differential of A$1.85m in CFR revenue per every shipment made (A$14.15m vs $12.3m). If they do 60 shipments in FY24, that adds up to a potential CFR revenue differential of A$111m.
MGX Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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