MC: $166m, Cash: $95mMC Target: $166m to $1.5B+DSO(63%):...

MC: $166m, Cash: $95m
MC Target: $166m to $1.5B+





DSO(63%): 37.6mt(JORC) x $170/t = $6.37B
Peculiar Knob DSO(63%): 16.7mt(RESERVE) x $170/t = $2.8B
Magnetite BIF(36%): 569mt(JORC)
Coal Target: 200mt+







DSO: 37.6mt(JORC) x $81/t(After OPEX) = $3.0B






Peculiar Knob(Flagship) DSO: 16.7mt(RESERVE) x $81/t(After OPEX) = $1.35B






Magnetite BIF(36%): 569mt(JORC) X $20/t(After CAPEX, OPEX) = $11B
More drill more JORC: 569mt to 1Bt+







BFS: Strong Cash cow, Next 5yrs $267m/pa x 5 = $1.3B(Net profit)
It will take only 1 year to recover CAPEX.







Best Quality







Secured Infrastructure not like MMX, SDL, GBG, GWR, PDY...etc






The Upside #1: Extra DSO 7mt x $81/t = $567m(net)







The Upside #2: Extra Several Billions tons of Iron Ore







JV with WISCO(Wuhan Iron and Steel,China) for the Hawks Nest tenement
If it is secured the approval, it will be huge upside.







The Upside #3 - Penrhyn Coal Project: Target 200mt+









Drill results of Penrhyn Coal Project





Summary

1.DSO: 37.6mt(JORC) x $81/t(After OPEX) = $3.0B
2.Peculiar Knob(Flagship) DSO: 16.7mt(RESERVE) x $81/t(After OPEX) = $1.35B
3.Magnetite BIF(36%): 569mt(JORC) X $20/t(After CAPEX, OPEX) = $11B, More drill more JORC: 569mt to 1Bt+
4.BFS: Strong Cash cow, Next 5yrs $267m/pa x 5 = $1.3B(Net profit), It will take only 1 year to recover CAPEX
6.The Best quality DSO(63%) in Australia
5.Secured Infrastructure not like MMX, SDL, GBG, GWR, PDY...etc
6.The Upside #1: Extra DSO 7mt x $81/t = $567m(net)
7.The Upside #2: Extra Several Billions tons of Iron Ore, the Hawks Nest Iron Ore
8.The Upside #3: Penrhyn Coal Target, 200mt+
9.Production is coming very soon...very strong Cash Cow
10.70% owned by Big Boys


MC: $166m, Cash: $95m
MC Target: $166m to $1.5B+(up to $3B)

Short term SP Target: $2.10, IMO