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
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $229.2M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 32.0¢ | $354.9K | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59023 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 84631 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
33.3¢ |
Change
0.000 ( 0.66 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 33.5¢ | 32.5¢ | 918756 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| FEX (ASX) Chart |