So hypothetically if in production and capex was paid off (providing iron ore prices stayed where they are ) after 12 months could this company make 10mtpa x $163 ($211-$48 per tonne cost) = 1.63 billion - 489m tax for a grand total of 1.14b profit per annum. Obviously not taking into account funding and capital raises along the way could this thing potentially trade at a 10b+ market cap given fortescue is at 75b market cap?.Thoughts any one?
CAP Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
