Thought I'd have a crack at this.
The 2019 MAC Royalty was A$85m, based on an avg Fe benchmark price of ~US$ 94/tn @ 0.69 = A$135.
The 2020 avg Fe price was ~US$105/tn @ 0.65 = A$162, so with a 20% A$ price uplift that's A$102m without any allowance for increased production.
As per the DRR presentation, annual costs are ~$7m, so Net Profit = A$95m.
Tax at 30% = $28.5m, so NPAT of $66.5m.
Dividend distribution of 100% NPAT over 528m shares = $0.13 per share.
Based on today's $4.48 share price that's a 2.8% return.
Adjust as necessary for changes in production.
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$3.99 |
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Mkt cap ! $2.109B |
Open | High | Low | Value | Volume |
$4.01 | $4.04 | $3.96 | $8.474M | 2.118M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 46260 | $3.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.01 | 44479 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 6129 | 3.990 |
3 | 7429 | 3.980 |
2 | 12229 | 3.970 |
3 | 2812 | 3.960 |
7 | 20603 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.010 | 1429 | 1 |
4.020 | 1429 | 1 |
4.030 | 1429 | 1 |
4.040 | 1429 | 1 |
4.050 | 19313 | 5 |
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