630 Mill MC @ 56cc per share approx 1.2 Bill SOI 320 mill Cash (as per March quarterly) Debt approx 10 mill (as per half yearly)
Net Asset Backing: 62c Earnings Per Share: 17.6c PE Ratio: under 3 Dividend Yield 5.8%
Life of mine - Over 10 years
Catalyst:
Iron Ore Pellet price approx: $400 AUD/t Production costs approx 110 AUD/T Annual production: circa 2 mill tonnes current margin : 290 per tonne approx annual earnings at current pellet price: around current market cap!
Not advice, do your own research, i might have missed something etc etc....
