Where do you get 9 M t they are producing 4M t pa. (And they do have 12M tonnes in total ) And therefore they will get 12 m t over three years so the figure of around 600M post tax is more like it. So that would be a total of $957M. Around 78c if you deduct something for end of life rehabilitation costs.
So why is your calculations any more accurate than anyone else’s.
If they do purchase a great asset then what will you say. They have 3 years to realize its value.
MGX Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
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