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.
Thought I'd have a crack at this.The 2019 MAC Royalty was A$85m,...
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Last
$4.01 |
Change
-0.010(0.25%) |
Mkt cap ! $2.119B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.93 | $7.324M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26870 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 48080 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DRR (ASX) Chart |