here's a wild backside idea:
1. ordinary dividend say 2c (stay with 25% of FCF)
2. special dividend calculated supra-profits FY2021 driven by prices / # shares. Works on say anything above USD200/t
3. firm up mine-life at Savage river ... probably need firm positive DFS on underground and maybe some more drilling at edges
4. if enough mine life, float SD distributing shares to holders.
late Friday night.
Have a good weekend.
Grange's Iron ore pellets at A$427/tonne, page-59
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