New to this stock so I thought I would ask the question of what is fair value.
Reading through the August announcement 'Moonshine magnetite resource upgrade' there is somewhere between 50 - 1000 Mt of magnetite available.
If we say conservatively there is 100Mt in the ground
Then we guess a price at 120 per tonne of iron ore (AUD)
In an interview I see they are predicting a price of $55(AUD) to get the resource to port
So 100Mt x $120 - (100mt*$55)
= 6.5 billion ???
Take off some operating costs, a higher dollar and then land on a conservative number of
= 5 billion?
But the current market cap is only 67million.
Have I got some basic math wrong here or is this valued very low at the moment?
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Mkt cap ! $10.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.051 |
3 | 80920 | 0.050 |
1 | 23833 | 0.041 |
1 | 33366 | 0.030 |
1 | 29888 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 50000 | 1 |
0.075 | 4731 | 2 |
0.085 | 50000 | 1 |
0.086 | 100000 | 1 |
0.110 | 1559000 | 3 |
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