That's roughly 8% per year, not a bad return on investment, and dividends along the way, making it roughly 10% per year..
Not bad in any metric?
When Ashburton comes online, I think we'll see a significant rerate:
30mt at a cost price of about $40/t
Say cost price goes up to $50 and IO price drops $100, we'd be looking at roughly $1.5 Bil earnings per year, worth up to $15 Bil to Mcap, so could really make a difference!
Time will tell, GLTAH!
$100, page-14
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