"Market was over-excited about the news, whatever it was, there is actually nothing new compared with 1 year ago."
Sydney you are a long way off. Run these numbers
600,ooo T of Alumina x $350
$210m per annum Gross.
Within 3 years $420m per annum gross.
Lets say worst case ORD retain 20% in the project. That will give them 80 mill revenue and expanding in a few years. Initially $40m. Plus other projects and a generous PE (look at AWC) you have a potentially billion dollar company.
This aint no tin pot iron ore stock sydney
You have based your calculation on Bauxite they are selling alumina 8 x the price. Wont be long and ORD will be trading on a PE basis. SARCO will have a transparent earnings profile.
VAN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held