FDL flinders diamonds limited

flinders valuation compared to its peers

  1. 326 Posts.
    Hematite Resource Owners

    Sector Comparison (19 Nov figures supplied by Patersons in its research paper on FMG)

    Enterprise Value Per Tonne Of Hematite Resource

    $1.76 SRK
    $2.11 WML
    $2.85 WPG
    $3.71 GWR
    $5.65 FMG (has since moved up in line with price move)
    $5.66 RHI
    $5.98 FRS
    $7.70 MIS
    $10.81 Average
    $13.73 CXM
    $26.12 MGX
    $26.34 GBG
    $31.09 TTY
    $38.52 MMX
    $47.85 AGO

    Now the Enterprise Value of FDL is its market cap $155M less cash of say $5M plus debt which is Nil I believe.

    Lets assume it has 300 Million tonne of Hematite Resource.

    FDL's Enterprise Value per Tonne is therefore $0.52.

    This is why this story has legs, its actually supported by comparison against its peer avergae of $10.81 EV/tonne
 
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Currently unlisted public company.

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