Ok, and i'll tell you why they are wrong.
Ask them to replace depn with sustaining cap ex, and ask them what effective tax rate they are using, and ask them how they've modelled the interplay between the carry loan and iron ore prepayment, which brings in an extra 180 or so for a few years, and also 2 contingent 200 m payments from Moran Stanley and Hancock. You do all that and the cash flow based P/E will be the same as mine., about 4.5 X at iron ore 95. Its cash generation that's important, not an accounting based P/E.
Ok, and i'll tell you why they are wrong. Ask them to replace...
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Last
$22.05 |
Change
-0.540(2.39%) |
Mkt cap ! $4.333B | |||
| Open | High | Low | Value | Volume |
| $22.83 | $23.10 | $21.86 | $49.53M | 2.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $22.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.09 | 1000 | 1 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |