Does anyone think we will ever return to the Stock price of June 2016 $6.00 plus?
Conveniently, we know the share price at $1 equates to a market cap of $500m. $6 is only a market cap of $3B which isn't much in the scheme of things.
They want earnings of at least $250/t above C1 costs to restart Balama which equates to USD$87.5m or AUD$113.6 at full production per year. A rail spur, the solar project and actually being at full production should push it to $300-$350/t.
At BAM, the margin for the AAM conservatively is USD$2000/t for a 10kt plant and $2500 for a 40. $20m for a 10kt plant or $100m per year for the 40kt (AUD $26m and $130m).
SYR will get to full production at Balama and a 10kt plant at BAM first which would generate an income in AUD of $140m/yr.
At full speed - rail spur, solar, 350kt production at Balama, 40kt plant at BAM, earnings would be ~AUD$278m (I used a margin of $325 for Balama and 77c for the currency conversion).
At $6 per share, the P/E ratio would be 10.8
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $217.3M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $278.6K | 1.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 172414 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 33436 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 149575 | 0.205 |
21 | 574619 | 0.200 |
15 | 830084 | 0.195 |
18 | 1139052 | 0.190 |
3 | 355000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 33436 | 2 |
0.215 | 66000 | 2 |
0.220 | 264991 | 3 |
0.225 | 280456 | 7 |
0.230 | 75000 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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