Say IND sells it around AUD 90-110 per ton. Expected to produce 650,000 tons at 110 AUD = 65mil AUD. After 30% tax, you are looking at 45-50 mil net profits. Director holdings, top 20 etc… there is only around 27 mil shares out in the market. That gives us around 75-80 cents/ share. Add a price-earning of say 8-10 times to that, you are looking at around $8-10 share price in about 2 years’ time?
Right now, the stock is trading is around 30c. Even if the stocks goes to A$3, that’s a Disallowed or 900%. Again, this is my opinion so please do your own research! Also, I've been slowly accumulating- by far the biggest position in my portfolio right now...
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Last
18.5¢ |
Change
-0.015(7.50%) |
Mkt cap ! $14.65M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.5¢ | $8.59K | 46.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 5500 | 1 |
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| Last trade - 11.25am 18/10/2024 (20 minute delay) ? |
| IND (ASX) Chart |