KI operation being on an island close to port, means we won't be...

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Hiepn2_2005

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01/10/21

10:41

Post #: 56492919
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Originally posted by jdpc35: ↑

As expected.

Guidance remains for 2Mt from KI and I note 65% Fe prices remain 15% above the 62% product (which places the 65% product at about US$135/t to US$140/t at the moment).

At these levels and assuming that 1.4Mt of the 2Mt KI production is the 65% product, then we should still see a solidly profitable FY22. On my model, I am expecting NPAT to be a bit ahead of FY21, but note that I am including a significant uplift in depreciation & amortisation expense in my modelling (up from $34m in FY21 to my expectation of $90m in FY22) - so operating cashflows should be somewhat stronger than FY21.

DYOR

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KI operation being on an island close to port, means we won't be affected by the expected rise in petrol prices due to the energy crunch.

MGX Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
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KI operation being on an island close to port, means we won't be...

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KI operation being on an island close to port, means we won't be...

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Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

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