So about a 26 year mine life @ current rates of production on reserves and assuming ~60% of resources eventually convert to reserves another 180 years. 200 + year mine life or potential for considerable production expansion.
Current profits of USD468 per annum (2 months @ USD78M*6) = ~AUD670M @ 0.70 USD:AUD. PE of 3:1 @ AUD2B Mkt Cap
Assume profits going forward down bit on some met coal price weakness at say AUD400M per annum (40% decline) still a PE of 5:1
Compared to other coalers (thermal + met pulled from yahoo finance) PEs:
Peabody 3.65
Coal India: 7.87
BRL: 2.79
NHC: 8.46
YAL: 8.7
WHC: 9.2 (from last reported Fin results)
TER: 27.33
SMR: 3:1 (from last 2 months performance)
SMR despite the high royalty regime stacks up pretty well (back of the envelope) on a current and forward PE basis- Potential to double price comfortably.
Divvy machine next year:
901 M Shares on issue EPS of $0.44 maybe a $0.20-$0.25 PS divvy realistic. 10% @ current price.
Ann: Half Year Results and Investor Presentation, page-7
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Last
$2.60 |
Change
-0.100(3.70%) |
Mkt cap ! $2.343B | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.67 | $2.56 | $5.503M | 2.112M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 18879 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 21560 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SMR (ASX) Chart |