With AUD at 92 cents that is $130 AUD.
If we assume that it is being sold at around 10% discount that is $115 - $120/MT.
Margin $40/MT x 10M MT = $400M Per year.
However the Horizon stage 2 is killing us.
Here is a plan....get rid of Horizon 2 & 3.
Just produce 10M - 15M MT per year.
MKT Cap 7x = 2.8B - $3B = $2.50 - $3 per share.
Remember Nathan Tinkler was worth 1.3B now worth not much....
Medium size is good.
No reason to destroy shareholder value.
With AUD at 92 cents that is $130 AUD.If we assume that it is...
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