Reasonably simple equation here:
75% x 5-6mt pa x $50(?) pt margin = $200-225m pa EBITDA
Market cap only 2x times this including cash (increasing daily) and investments
Outstandingly good management, these guys are winners and achievers not talkers
JV with FMG
Exploration upside
The only thing I can think of that is keeping sp down is the $3.40 "anchor" of the Regent sale. But now they are gone and out of way should move up. Could see $6 at these IO prices and still be very good value.
Ann: Quarterly Activities Report , page-29
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Mkt cap ! $865.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.8¢ | 30.0¢ | $43.24K | 142.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 376604 | 30.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 31924 | 5 |
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