Post a 30% iron ore price rise on 1st April, 2008......YML will receive about A$68 per ton.
There cost of delivery to Port Headland will be A$35 per ton.
On an operation of 5 MTPA.......profit after tax of A$80 million PA.
MGX and PMM trading on PE's of 12.....so put YML on a 8. (market cap $800 million - enterprise value $900 ie $100 million debt.....or shareprice of $8.)
YML
unknown
Post a 30% iron ore price rise on 1st April, 2008......YML will...
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