Cardz
These are some numbers I worked through not so long ago and posted on here.
Latest quarterly notes $404 million cash on hand less $263 million drawn debt facility.
910 million shares on issue.
Equates to 15.5 cents a share cash on hand.
Operational cash surplus $71 Million net for the quarter equates to 8 cents a share.
Deduct cash on hand from share price equates to 80.5 cents a share.
In simple terms with all things being equal going forward and no acquisitions etc in another 10 quarters (2.5 years) the share owes you nothing (ignore time value of money)
atlas iron announces production march 2013, page-7
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