with the assumption that new iron ore price at approx. AUD85, then if cash cost is AUD45, we have a margin of $40/tonne or approx. a super cool EBITDA of AUD100mln at 2.5mlntpa capacity, current market cap is $55mln. 40-60c potential from this current level.
cheers
with the assumption that new iron ore price at approx. AUD85,...
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