I'm new having brought in today with the drop, seems to me like the market has little faith in the company, especially with 50c per share assets backing and P/E ratio of 3x for 6 months product. Though this will obviously decrease with the price of iron. But from what I've gathered is that it's operating costs is around $80AUD per ton so still quite profitable at current levels.
If I've missed something I'd love to know.
12 months hedging, page-4
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