As per the PFS, every $1USD movement up in the 62% iron ore price from $US78 leads to a NPV increase of 8m. Iron Ore is up more than $US40 now so that is +320m NPV to the original NPV of 54.3m. Give or take a slight increase in the AUD:USD the NPV is over $350m now, compared to current market cap of around ~$55m.
With most regulatory approvals cleared, this should trade at 30% NPV now, 50% NPV once all approvals and finance are secured, and inching closer to 100% NPV on first revenues at the beginning of next year.
NPV >$350m @ $US120/t 62% Fe
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 30.5¢ | $101.1K | 325.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 129970 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 673685 | 18 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
31.0¢ |
Change
-0.010 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| 31.0¢ | 31.3¢ | 30.8¢ | 112813 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| FEX (ASX) Chart |