Simply wall Steet is picking up one very low-grade analysts work that looks to be nothing more than an attempt to take the Aug 2021 DFS price graph on page 5 of the presentation pack and change from calendar to financial years. A little bit more digging confirms that the simply wall street revenue forecast is A$77.6m of revenue in 2022/23 and A$229m in the 2023/2024.
If Core successfully ramps up to full production in 2nd half 2022, shipping at least half a years production in 1st half 2023 would appear realistic. 95kt @ say US$2k/t and 0.70 is A$271m of revenue and they are "forecasting" A$77.6m. Any version of revenue forecasts based on current spod prices generates a number more than double what this analyst is feeding into Simply wall St's calculations.
The 2023/24 figures are no better. I don't know how exactly they have derived A$229m of revenue in 2023/4 but 192.5kt @ US$825/t and a 0.7 exchange rate is A$226.9m. They appear to be picking up the now outdated August 2021 DFS chart price figures and multiplying them by planned volumes.
Any poster repeating simply wall street's 97.7% forecast annual earnings growth rate as a good news event is simply doing a massive face palm because they are circulating forecasts consistent with Spod prices under US$1000/t.
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Simply wall Steet is picking up one very low-grade analysts work...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M |
Open | High | Low | Value | Volume |
10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 374502 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3715512 | 56 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 374502 | 0.110 |
38 | 5756474 | 0.105 |
81 | 6496362 | 0.100 |
6 | 1224070 | 0.099 |
8 | 362908 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 3605512 | 54 |
0.120 | 3289174 | 42 |
0.125 | 899974 | 18 |
0.130 | 783906 | 18 |
0.135 | 942802 | 15 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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