85.6 - 64 = A$21.6 profit per T
21.6 x 1.9MTpQx4 =
A$164,000,000 profit per annum (on current IO spot price)
432M/164M = PE ratio of 2.63
2.63 v 10-20 PER
Thats a 5-7 bagger undervaluation v BHP RIO MIN FMG
Yes, AGO is a cashflow star performer right now on the Q1 results and current IOP.
And if the trucking costs are slashed using rail spurs, even more free cashflow from A$970Mpa revenue stream.
Weve been had!
Gina is the 4th force in Iron Ore! Thanks to AGO & FMG
85.6 - 64 = A$21.6 profit per T 21.6 x 1.9MTpQx4 = A$164,000,000...
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