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19:38
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Originally posted by The Gift
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Big picture thinking for me folks… early indications are that we have some fine prospects in the portfolio, progress and pipeline looks excellent. If Rob Jewson likes what he sees, I’m good with that. If you assume a 15mt pa plant [lets say a mobile plant through Min Res CSI operations) eventually gets up at 1 of the prospects (let’s pick the GW DSO prospect) using a USD$100 per tonne average, well that’s $1.5B pa. Using the FMG PE ratio as a guide (say 7) and assuming approximately 4.5B shares on issue (after options are exercised), well that points towards a $2+SP and 6c div on a 80/20 basis. While this math excludes costs, even if you were to assume 50%, there’s plenty of upside potential that’s for sure. Deep down I’m hopeful that management confidence is that high that in principle commercial discussions are running in parallel. Might be a nice little run of announcements on the horizon. I for one certainly didn’t foresee today’s Turner update…but I’ll take it. Onwards and upwards. GLTAH
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Still doesn't explain today's trading, very unusual indeed obviously the sellers don't see it the way we do especially with an announcement.
(20min delay)