fair value for AGO

So I am curious on the concensus value of AGO in 2-3 months time should Iron ore pricing remain around these levels.

I figure the first half did not truly reflect the current iron ore prices as the average price received was about $50- USD per ton.

At a guess they should be making at least $20- AUD margin on 8 million tons which would equate to $160- million in a six month period. If it is a $30- margin then it would be $240- million. Also they have reduced debt to nominal levels and probably could fully repay by June.

I do not believe market cap around $350- million does this stock the justice it deserves.

I am aware these prices may pull back but even if iron ore dropped 20%, the iron ore price is still substantially more than last few 6 monthly periods.

Personally, I think this could reach 10c+ once the large sellers have cut and run. The stock looks like it could potentially turnaround, similar to what SBM did between 2014 & 2016.

Interested in the view of others.