Market Cap of $77m @39.5c compared to pro forma cash at 30 Sep of $78m (Cash less debt) equals an EV of $-1m.
So effectively a free iron ore business.
With FOB cash costs of A$ 64-70, wouldn't take much of an iron ore price bounce to make this a bargain.
A free iron ore business anyone
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $706.6M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $55.23K | 226.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 79717 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 36539 | 2 |
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| Last trade - 15.57pm 03/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |