Under your assumption
SPODUMENE - 1,000,000 tonnes x ($2,000 - $450) USD margin = $1.55b USD.
HYDROXIDE - (43,000 x 30%) x $25,000 USD margin = $322m USD.
TOTAL REVENUE $1.87b USD
Converted to AUD at 65c = $2.88b
After tax = $2.02b NPAT
Payout ratio of 50% after all capital/ growth expenses paid for is $1b or 33c per share. (I would expect increase in payout ration after P1000 complete).
Does all of this justify a $10 share price, a valuation of $30b? That is the question. PE multiple of 15 (high for mining, but is a specialty business) and a dividend yield of 3.3%.
2024 EOY Prediction $12.50, page-38
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Last
$3.15 |
Change
-0.095(2.93%) |
Mkt cap ! $9.525B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.10 | $44.66M | 14.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 194625 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 276856 | 57 |
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| Last trade - 11.29am 17/06/2024 (20 minute delay) ? |
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Last
$3.14 |
Change
-0.095 ( 3.13 %) |
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| Open | High | Low | Volume | ||
| $3.17 | $3.20 | $3.10 | 3799666 | ||
| Last updated 11.49am 17/06/2024 ? | |||||
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