Return to High Stock price of June 2016, page-18

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