Note - all in AUD
There was a feasibility study that showed 1.25 mtpa @ $111 / tonne would deliver ebitda of $16.4m.
This equates to 1.25 mtpa x $111 / tonne = $138.75m revenue for a $16.4m ebitda, so when extrapolated this means the cost is $122m.
But the current iron price is $175 / tonne, so 1.25 mtpa x $175 / tonne less $122m cost = $96m ebitda
Current market cap $52.3m, shipping early 2021, simple operation of dig and truck with no railway or port to be built, $15m cap raise complete, fully funded $12m capex, traditional owners signed off, huge global infrastructure spend coming meaning strong demand, perhaps some currency risk with aud forecast to hit 80c USD, etc
I welcome corrections and comments, but my simple analysis above easily supports a $1.00 share price
DYOR
Note - all in AUDThere was a feasibility study that showed 1.25...
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $260.4M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $1.270M | 3.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 53759 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 447513 | 10 |
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