why pick any number? Why not pick the last quarter?
120 mill increase for the last quarter annualise( * 4 ) is 480 mill is 40c per share in earnings (480 M / shares on issue), * by 5 you get $2. Thats excluding any premium due to the fact this pays a dividend and is a unique Australian producer (my understanding this is the o ly pellet producer in Aus?)
this quarter likely to be significantly better and mine life is way more than 5 years…
all my opinion, do your own research and this is not too be considered advice as i could be wrong and may have missed something. i am just a shareholder like everyone else.
Grange's Iron ore pellets at A$427/tonne, page-127
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