One last evaluation for now, once we get to our target of 8mtpa(with fast tracking this could be under 3 years)
Conservative: (PE of 10 + 3% dilution, $30 profit p/t) = SP of 97.3 cents
Normal: (current FMG PE + no dilution + $44 profit p/t) = SP of $1.47
now add the steel ventures and I think you can see where that famous $1.60 figure might be coming from
anyway I'll be here hopefully holding a very similar number of shares to what I am now when we hit 8mtpa which I think is doable by 2020 if we play our cards right.
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