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10/02/23
15:39
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Originally posted by Happ:
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$300mln market cap puts us around 50c... and if you zoom out to daily and weekly, the chart likes tight compressions with bursts tripling the share price within 1-4weeks. the agreement that they announced today - binding logistics for 200,000 tonnes over next 12 months - supports that based on the conservative estimate that we make $150 per tonne only (current market price A$420pt less all in production and logistics of A$270), giving a profit of $30mln. I don't think we will see reliable unit cost (production / logistics) until annual report in Aug. If it's lower than A$270, we'll see further rerate. If it's A$270, then we'll still see a further rerate on increased volumes. See you in mid40s in the next few weeks.
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Yeah I think it costs around $240 a tonne for us to mine/beneficate/get to port atm. Every month the prices stay higher than 250 USD the better