Great analysis, I would just add that they have a hedge book of 600kt at $171 per ton.
so there is upside to your calcs.
Don't want do an iron ore 101 here, but am sure everyone knows iron ore is a long term logistics biz in nature.
if you have logistics down pat, you get access to your ore.
ever wondered why the billion dollar mines @ mid west never got up? yep you guessed it, logistics.
an integrated iron ore mine with its own rail/road transport and port infrastructure is so powerful I would advise many to not lose sight of that.
back of my mind keeps playing back out how min res ran from a mining services biz to a mining company, took out ex clough assets, iron ore, then lithium .. the rest is history.
its a wild world we in ..
Great analysis, I would just add that they have a hedge book of...
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32.0¢ |
Change
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Mkt cap ! $222.2M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Change
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