The spot price is iron ore's current cash cost for immediate purchase and delivery at today's price (~$215/t and is available to monitor daily here https://www.marketindex.com.au/iron-ore).
Morgan Stanley have applied a discount rate to determine a valuation based on forecast production at today's spot, which is almost double where the current share price is.
Morgan Stanley - DRR Spot Price vs Trading Price, page-3
Add DRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.90 |
Change
0.000(0.00%) |
Mkt cap ! $2.590B | |||
| Open | High | Low | Value | Volume |
| $4.93 | $4.95 | $4.90 | $4.597M | 936.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9132 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.91 | 12072 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.91 |
Change
0.000 ( 0.38 %) |
||||
| Open | High | Low | Volume | ||
| $4.93 | $4.95 | $4.90 | 250476 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DRR (ASX) Chart |