Hi Palm Frond,
Yes iron ore price doing okay now.
GEN's (64% Fe) would fetch US$120/t currently
https://do not advertise external sites/Article/4020281/Iron-ore/Iron-ore-prices-rangebound-amid-financial-market-stability.html
With total FOB costs at US$48/t (Bell Potter assumption)
And sea freight approx US$25/t (see below)
https://en.sse.net.cn/indices/cdfinew2.jsp
Then total costs US$73/t would give GEN a profit margin of US$47/t if they were in production today.
The share price wants to go back to the IPO price of 34 cents but it might need completion of the DFS to get there!
Ann: Quarterly Activities Report, page-11
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.22M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $36.04K | 300.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 127180 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 69587 | 2 |
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| Last trade - 10.04am 28/06/2024 (20 minute delay) ? |
| GEN (ASX) Chart |