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
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
0.015(4.55%) |
Mkt cap ! $239.6M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $392.1K | 1.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 112940 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 234750 | 5 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
34.0¢ |
Change
0.015 ( 1.13 %) |
||||
| Open | High | Low | Volume | ||
| 34.0¢ | 34.5¢ | 33.5¢ | 434496 | ||
| Last updated 15.49pm 07/06/2024 ? | |||||
| FEX (ASX) Chart |