I even doubt if dumpers know how to read an announcement. Production-10% Realized Price+100% or even more in 2022. Anyone who understand simple math wouldn’t judge it as a bad announcement. Not to mention the cut of production was due to labor shortages which is a broad issue in the country.
Furthermore, with the official price confirmation of 1800+ we can more confidently work out the forward PE in the next year. All I could say is Macquarie’s up revised target price of 3.70 is not a surprise at all.
Ann: Pilgangoora Projects Update, page-103
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