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GRR Valuation, page-451

  1. 13,445 Posts.
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    Nice to see the IO price stabilize a bit and we are now back around the $A 300 /t mark which would have been seen as the holy grail not that long ago...

    Only hindsight will tell us where the next longer term bottom will be established, but when IO has already dropped around 40% yet your still getting $300/t , have around $500m in the bank and growing and sitting on a forward looking PE of about 2, life is not that bad really..

    Cheers Whisky

 
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