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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Last
$56.32 |
Change
-0.010(0.02%) |
Mkt cap ! $11.06B | |||
| Open | High | Low | Value | Volume |
| $56.90 | $57.57 | $56.16 | $38.01M | 671.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3152 | $56.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $56.38 | 2164 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |