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Ann: TNG Shareholder Newsletter, August 2020, page-5

  1. noodly
    6,229 Posts.
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    18/08/20
    11:06
    Post #: 46616831
    On current prices for 62% FE of US$120.46 ton the annual revenue from the FE alone would be more than TNG's current market cap.

    US $120.46/t = AU $167.31/t

    + 10% premium for TNG's product = AU$184.00/t

    X TNG's annual production of 500,000

    = AU$92million
    TNG Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 5  Great analysis
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