FDL flinders diamonds limited

iron ore company comparison

  1. 326 Posts.
    Hematite Resource Owners

    Sector Comparisons (19th Nov figures supplied by Patersons in a research paper on FMG)

    Enterprise Value Per Tonne Of Hematite Resource

    $1.76 SRK
    $2.11 WML
    $2.85 WPG
    $3.71 GWR
    $5.65 FMG (has since moved up in line with price move)
    $5.66 RHI
    $5.98 FRS
    $7.70 MIS
    $10.81 Average
    $13.73 CXM
    $26.12 MGX
    $26.34 GBG
    $31.09 TTY
    $38.52 MMX
    $47.85 AGO

    Now the Enterprise Value of FDL is its market cap $155M less cash of say $5M plus any debt which is Nil I assume.

    Lets assume it has 300 Million tonne of Hematite Resource.

    FDL's Enterprise Value per Tonne is therefore $0.50.

    This is why this story has legs, its actually supported by comparison against its peer avergage of $10.81 EV/tonne
 
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Currently unlisted public company.

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