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!
Nope, who gave you that? With Iron ore at $70, At 35 m t, Free...
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Last
$22.59 |
Change
-1.090(4.60%) |
Mkt cap ! $4.439B | |||
| Open | High | Low | Value | Volume |
| $23.21 | $23.21 | $21.96 | $91.81M | 4.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $22.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.60 | 1749 | 2 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |