Last years earnings 80mil+ aud, this years should be about 110 to 120mil aud.
next year, provided no big depression, only a normal one. 25% cmsb stake, tax issues sorted out, 25% increase in production.
earnings should be in the range of 200 to 300mil aud.
a nice upward trajectory
even if there is a huge depression next year. Hard to see ferroalloy prices coming down. Unless thermal coal and natural gas makes an 80% drop.
even then, the low prices take time to float through. Once recovery comes back in commodity prices will move right back up.
Last years earnings 80mil+ aud, this years should be about 110...
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