850 Mill MC @ 75c per share approc SP: 75c 1.1 Bill shares on issue 332m Cash (as per March quarterly)
Life of mine - Over 10 years
Have tipped this previously and have no idea how long a tip lasts... have rerun my working due to recent market movements and applied some extreme worst case scenarios on the discounting..
ASX GRR
1
Shares on Issue
1,157,338,698.00
2
Cash / Receivables at 31/3
$332,020,000.00
3
Cash / Receivablesvalue per share
0.286882311
4
Debt
0
5
Current Net Position
$332,020,000.00
6
Share Price
0.75
7
Market Cap
868,004,023.50
8
Assumed production costs (AUD)
$120.00
9
Life of Mine/Production asset (years)
10
10
Pellet price AUD
$420.00
11
Earnings per tonne
$300.00
12
Likely annual production rates
2,000,000.00
13
Assumed EBIT
$600,000,000.00
14
Tax of 30%
$180,000,000.00
15
Earnings after 30% tax reduction
$420,000,000.00
16
Earnings per share
0.36
17
Assumed PE ratio of 5
$1.81
18
Assumed PE ratio of 5 + cash at 31/3
$2.10
19
Assumed PE ratio of 10 (life or project) + cash
$3.92
20
21
40% discounton PE of 5 + cash (Iron ore price, production cost uncertainty etc)
$1.70
22
23
20% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc)
$1.90
24
25
10% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc)
$2.00
This message (and any of my posts) is not financial advice and is all my opinion and study that could be wrong so speak to a professional and certainly never base any investment decisions off anything read here by unqualified people! DYOR
