Let’s simplify it
let’s assume cash draws down to about 280 with with pre
stripping . From that point we have about 11m of production let’s say at a margin of 70 aud to be conservative. that gives is 770m plus 280m . Even if use a DCF figure or say 680 on that cash flow it’s still 960m current cap of mid 500s .
then there is further mine life optionality. Given current IO market I think fair value if around 75c , which is still much higher than 44.5 .
I expect a move towards 46-47 tomorrow
Ann: Operating Update - Staged Suspension of Shine Iron Ore Mine, page-21
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33.5¢ |
Change
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Mkt cap ! $408.1M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.8¢ | 33.0¢ | $475.3K | 1.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 137710 | 1 |
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