at 10c per share their Mkt cap is going to be 25M. If they tick all the boxes to cut the mining costs like they already do with that JV, and Iron Ore price stays high, margins gonna be well above $40 per tonne.
1mt a year with $40+ per tonne= at least 100M mkt cap company, or 40c a share. And i am being conservative about my calculs
Its only my opinion so please DYOR, one of the rare stocks my investment is in green, so maybe a bit too excited about it but let it be.
Cheers,
at 10c per share their Mkt cap is going to be 25M. If they tick...
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $347.8K | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 240502 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 155900 | 5 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |