A few pricing thoughts...
Concentrating solely on the Guelb el Aouj Iron Ore Project and ignoring the 2.5 Billion tonnes resource at Lebtheinia, (a mere trifle LOL)
Assume SPH sells 1/2 her stake in Guelb el Aouj for @ $175 Million cash, so then would be a 1/4 owner:
Iron Ore Pellets:
$40 per tonne costs, currently trading at $90 per tonne.
Yearly Profit (30 Year Mine Life):
$50 per tonne profit * 7Mill tonnes per year output:
=$350 Million profit per year.
SPH yearly profit = @ $87.5 Million (1/4 partner)
Currently 147.83M shares on issue.
Equates to a potential dividend of $0.60 per share for 30 years!
Not bad for a share trading at 90c :-)
Hold on tight for news in Q3....
- Forums
- ASX - By Stock
- SPH
- minmetals in talks with sphere investments
minmetals in talks with sphere investments, page-11
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online