Some conservative consumptions below..
Current coal price $360aud ton
Royality $70t
Production costs $120t
Margin $170t
Lets reduce margin another $40t to be safe..
12mil tons x $130t = $1.56bil profit..
$1.56bil - 30% tax rate = 1.09bil net profits
Market cap 2.6bil with minimal debt... These are pretty conservative numbers, I see good value here and have continued to accumulate, even going by these numbers PE of 3 at net profit should have SP of $3.35.. 2nd half of the year the company should be debt free and dividends being introduced...Either its getting primed for take over or maybe its just general weakness in coking coal price overdone, but seems undervalued in all metrics in my view... dyor
Some conservative consumptions below.. Current coal price...
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