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3.70%

42.0¢ grange resources limited.

Thanks,Very helpfulOnce stripping complete we are well...

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Tremonti17

180 Posts.

104

29/02/24

19:46

Post #: 72680090
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Originally posted by Abdi70: ↑

from figure 3. the height of the bar for FY24 is 1/3rd of $500m... so ~$167m.
think of it this way, when we're waste stripping, operating cash gets sunk into capitalising mine properties, company profit then = amount cash sunk into mine properties minus the rate of depreciation of mine properties... that's how we get profitable years like 2023 but negative FCF.
when we're mining ore, the opposite is true, the equation unwinds... that's how we get profitable years like 2021 but with twice the FCF compared to company profit.

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Thanks,

Very helpful
Once stripping complete we are well positioned even in a lower price environment

GRR Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 42.0¢		Change 0.015(3.70%)		Mkt cap ! $486.0M

Open	High	Low	Value	Volume
41.0¢	42.0¢	40.5¢	$617.0K	1.494M

Buyers (Bids)

No.	Vol.	Price($)
4	88560	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	209628	7

View Market Depth

No.	Vol.	Price($)
3	86778	0.415
4	176856	0.410
14	476924	0.405
41	952653	0.400
16	420441	0.395

Price($)	Vol.	No.
0.420	209628	7
0.425	250611	7
0.430	311809	8
0.435	293007	10
0.440	413397	16

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 42.0¢			Change 0.015 ( 2.97 %)
Open	High		Low	Volume
41.0¢	42.0¢		40.8¢	292968
Last updated 15.59pm 17/05/2024 ?

GRR (ASX) Chart