I’m no expert but I’ll reference a post by Corfudreaming awhile ago that I think helps with your PE figures:
The $312 figure is the price for mtu in US dollars. The $126 is the quoted operating cost for open cut in $A.Also since the APT price is quoted for a higher grade of product, we need to apply a discount of 20% ( times by 0.8)
In an interview recently, Jacobs worked on an open cut operating cost of $100 US. So, 312 -100 = $212US x 0.8. =. $170 US @ current exchange rate 73 cents = $232 A/mtu. If I am right, you can upgrade your SP by about 20%. If I am wrong, please show me what I did. Always willing to learn.
So as the AUD Improves against the Greenback and APT prices continue to increase I see good times ahead.
G6M Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
