GRR 3.75% 38.5¢ grange resources limited.

GRR Valuation, page-4

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    It looks like if weadd the cash from 31 Dec $183m and the profit from the last two quarters ($171m and$253m courtesy of @miningnut ) we should have cash of around $607m.

    Current market cap at $0.52 is $590m.

    If you take out Dec 2021 figures

    Receivables = 94

    Inventory = 123


    We get a negative EV.


    EV negative 234m

    Tax would need to come off the cash figure, but when that is due we will have another three quarters of cash rolled in.

    So around 72c cash/inventory/receivable backing. That doesn't factor in any value for the mines. IO is at all time highs. Crazy.

 
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