One way to look at the value to CUL:
Ref AQA DFS 5/7/10 - production of 30mtpa for 12 years with a Project NPV of $2,200,000,000
CUL share for Stage 1 1.5mtpa which gives 1.5/30*$2.2bn = $110m which equates to $110/623 = 17.5c/share or $110/12*1.5 = $6/t
Recent sales have been for a lot less than $6/t eg Flinders but once the project DFS is in place and funding is arranged it seems to me that the value increases significantly towards the NPV - but that maybe some time away. The trigger as I see it is AQA decision to proceed.
value of iron ore, page-5
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Last
0.5¢ |
Change
-0.003(37.5%) |
Mkt cap ! $2.850M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.5¢ | $34.58K | 5.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4736798 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 11589802 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CUL (ASX) Chart |