Nope, who gave you that? With Iron ore at $70, At 35 m t, Free cash flow based P/E is 10.8 X, with $425 m of FCF generated, thats after paying interest costs of $400 m per year.
I'm not going to believe someone else when i can model it myself and back myself.
If you do the expansion to 50 m t pa, P/E falls to 6 X at Iron Ore $70.
Happy for your broker who modelled this to talk to me and i'll tell them why they're wrong!
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$20.69 |
Change
-1.360(6.17%) |
Mkt cap ! $4.065B | |||
| Open | High | Low | Value | Volume |
| $22.00 | $22.00 | $20.53 | $168.3M | 7.775M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28160 | $20.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.74 | 7298 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |