The numbers don't look too bad now. But if there is high inflation, you might find the cost and price is even higher than today. This is when the royalty could be higher than cost (before royalty and income tax). With cost inflation and energy shortages, I wouldn't be surprised that this occurs in a few years. And if you're still profitable, they'll just ramp up royalties even harder until you give up.
So NA3 is very ordinary if they have to pay full royalties to the government. Part of the NHC thesis is trusting Millner does the intelligent thing for shareholders.
Ann: New Acland Stage 3 Update, page-102
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.96 |
Change
-0.050(1.00%) |
Mkt cap ! $4.192B | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.04 | $4.93 | $5.923M | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.96 | 17155 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| NHC (ASX) Chart |