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1.4¢ tombador iron limited

undervalued then? small cap io miners trading at maybe around x2...

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Troisi

592 Posts.

65

30/06/22

21:12

Post #: 62306683
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Originally posted by mattb1749: ↑

What do you chaps think of this? I tried to compare the numbers in the PFS (which are based on 5 year averages or contracts at that time) to estimates of where things are today. Something that is confusing in the PFS is that the shipping cost is hidden somewhere in the adjustments made to the iron ore price for grade and lump premiums - so what I did is just add the change in cost to ship a ton of iron ore from Brazil to Europe (up from an estimated USD 12/t to USD 25/t).

Still seems like attractive numbers IF these guys can sell the stuff. Basically trading at 1xEBITDA

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undervalued then? small cap io miners trading at maybe around x2 earnings. what are others thoughts on this?
my opinion is that the market is already factoring in a negative outlook for io.

TI1 Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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