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
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.3¢ | $1.137M | 5.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66685 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 72408 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |