Found a direct reference to the MAC royalty, there is a well written paper by Sandon Capital at http://www.sandoncapital.com.au/site/images/pdfs/Whitepaper_Iluka.pdf
An extract from the paper which recommends a demerger:
"Sandon Capital believes the royalty is significantly undervalued whilst it is housed within a mining company and would be more appropriately valued in a separately listed, pure play royalty company. Based on offshore comparables, the royalty today could be worth A$840m-940m. Should BHP Billiton proceed with the development of the South Flank deposit, we believe the royalty could be worth between A$1.7-1.9bn"
Found a direct reference to the MAC royalty, there is a well...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$5.48 |
Change
-0.070(1.26%) |
Mkt cap ! $2.354B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.62 | $5.39 | $33.77M | 6.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36000 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.48 | 53786 | 6 |
View Market Depth
| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| ILU (ASX) Chart |