The company generated $100m in cash last year and has a market cap of $163m.
Even annualising last quarter's $9m cash... $36m... That's around 22% per annum... And we know they'd be doing better now than last quarter with iron ore price higher.
Just looking at these numbers... The company is a screaming buy.
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- Ann: June 2017 Quarterly Activities Report
Ann: June 2017 Quarterly Activities Report, page-18
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