They only need 2 quarters of production (which as mentioned is already hedged for iron ore pricing) to get back all their market cap.
$45m / quarter of net cash in at current steady state production x 2 quarters = $90m.
+$70m cash in bank.
= $160m of cash total.
Vs their current market cap of $156m
This is simply a no brainer. Every quarter afterwards for the next 7 years = more cash. Not many real businesses that can print money like this.
FEX Valuation, page-246
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $288.2M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 41.5¢ | 38.8¢ | $1.251M | 3.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6260 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 107671 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |