TI1 0.00% 1.4¢ tombador iron limited

Ann: Second Infill Drill Results, page-22

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  1. 219 Posts.
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    G'day Ned,

    Sorry I've been out of touch, just sitting back patiently watching everything fall into place.

    Good post, I totally agree with your thinking. Those grades are very exciting! As I have suggested it is extremely rare for a high grade haematite deposit to exist as a stand alone, it's almost unheard of. I don't think the market understands that the resource is open to N/E and S/E - this is very positive! I will bet my left knacker that there will be extensions to the resource base here, but there is no hurry to do so. Use the cash to get to name-plate as quickly as possible and allocate free cash to expand the resource base in latter years - there will be plenty of accumulated cash in reserve, even after a 70% payout to shareholders. These guys have done a remarkable job to date!

    Some estimates from the model:

    Year 3, Production 1.33mt, Fe 62% US150/t, Payout 70%, Cost USD$60/t, AUD 0.76, Export 50% Domestic 50%, Share Price $0.10c, Mkt Cap $205M

    1EBITDA9m


    2EBIT$184m


    3NPAT$138m


    4FCF$136m


    5Div$95m


    6Div/Share$0.05


    7Yield50%


    8Accum Cash Post Div$93m



    Sit tight, there is lots of fun to be had here!

    Cheers

    Pihrana
    Last edited by Pihrana: EBITDA 189m 28/05/21
 
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