Good News & Bad News, page-8222

Let me know your thoughts on this line of thinking in respect to actual contract pricing and lets ignore BMX sales for the moment.


Given lack of new supply for next 9 - 12 months and using a baseline $2600 USD for contracted pricing going forward and use 380,000dmt as lower end of guidance, costs $800 USD that's still $700M USD EBITDA or ~ $1B AUD EBITDA.

Why one wouldn't be able to justify a $3.50 SP or ~ 10B market cap on that alone baffles me a little.

Am i missing something in my thinking here? Another assumption i will make is that the border issue, labor shortages and supply chain / shipping issues are more likely to get better than worse from here.