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
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 (20min delay)
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Last
$4.90 |
Change
0.030(0.62%) |
Mkt cap ! $2.590B | |||
| Open | High | Low | Value | Volume |
| $4.86 | $4.95 | $4.86 | $5.776M | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35356 | $4.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.92 | 1064 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$4.92 |
Change
0.030 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $4.87 | $4.95 | $4.86 | 210172 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| DRR (ASX) Chart |