DRR 0.27% $3.66 deterra royalties limited

Thought I'd have a crack at this.The 2019 MAC Royalty was A$85m,...

  1. 616 Posts.
    lightbulb Created with Sketch. 161
    Thought I'd have a crack at this.

    The 2019 MAC Royalty was A$85m, based on an avg Fe benchmark price of ~US$ 94/tn @ 0.69 = A$135.

    The 2020 avg Fe price was ~US$105/tn @ 0.65 = A$162, so with a 20% A$ price uplift that's A$102m without any allowance for increased production.

    As per the DRR presentation, annual costs are ~$7m, so Net Profit = A$95m.

    Tax at 30% = $28.5m, so NPAT of $66.5m.

    Dividend distribution of 100% NPAT over 528m shares = $0.13 per share.

    Based on today's $4.48 share price that's a 2.8% return.

    Adjust as necessary for changes in production.


 
watchlist Created with Sketch. Add DRR (ASX) to my watchlist
(20min delay)
Last
$3.66
Change
-0.010(0.27%)
Mkt cap ! $1.934B
Open High Low Value Volume
$3.67 $3.71 $3.62 $4.723M 1.288M

Buyers (Bids)

No. Vol. Price($)
4 8726 $3.63
 

Sellers (Offers)

Price($) Vol. No.
$3.66 20402 5
View Market Depth
Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
DRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.