Ferrexpo is a fascinating comparison. I had never seen them before thanks for raising it.
They appear to have net cash (ie no debt) of about 4m as of march 2021. They appear to be trading on a PE of about 4 from what I can tell.
Using the ferrexpo comparison, if I understand the numbers correctly, then the GRR share price should be about $2. This being 4x the annual earnings plus net cash.
The cost of production of the pellets seems similar to GRR from what I can tell hence the risk profile is similar to GRR.
Ferrexpo is a fascinating comparison. I had never seen them...
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Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.5¢ | $225.0K | 905.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 190932 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 151178 | 6 |
View Market Depth
| Last trade - 11.26am 08/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |