$2.70 is a bit remote in reality.
But in the next supercycle boom $1.50 is easy peasy if Southdown gets off with Shagang bringing in Chinese funding and maintain the 70% stake (7 MTA of premium pellets).
Shagang is massive, it's China 5th largest steel mill. A number of times the size of Bluescope and Onesteel COMBINED ! They'll come up with the cash. Taking a higher stake recently is a prelude to announing this arrangement IMO.
At $1.50, that's already 500% + gain from today's close of $0.28
Remember, when the tide comes in, everything gets washed up.
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Last
30.0¢ |
Change
-0.015(4.76%) |
Mkt cap ! $347.2M |
Open | High | Low | Value | Volume |
31.0¢ | 31.0¢ | 30.0¢ | $125.4K | 410.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 869016 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 278614 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 869359 | 0.300 |
17 | 311756 | 0.295 |
19 | 309186 | 0.290 |
13 | 304996 | 0.285 |
13 | 214092 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 278614 | 20 |
0.310 | 286400 | 12 |
0.315 | 116066 | 8 |
0.320 | 158274 | 6 |
0.325 | 186309 | 7 |
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