Dont get too hung up on figures for 2017 as the trend for 2018 revenue would most likely reflect closer to normal production of 2.5 million tons and revenue $300-350k if curreny prices prevail. Revenue and profit for 2018 will be 50% higher than in 2017. This in turn would enable grr to make close to $90mill npat or 8c a share. Maybe we will get some juicier dividends.
Considering cash, receivables and inventory is equal to market cap this cash cow is effectively free.
I believe Grr will hit a five year high within next 12 months and might just see that 50c+ which would be more reflective of its worth rather than these ridiculous sub 20c values.
GRR Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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