GRR 0.00% 31.0¢ grange resources limited.

IMO the GRR March 2018 dividend will be $0.02 min and div...

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    IMO the GRR March 2018 dividend will be $0.02 min and div funding req'd for $0.02 is only $24m. Sustainable strong cash generation outlook and at least $200m cash reserves will be on the Bsht by 3/18. 65% FE premium should be stable or growing over next 6 months. My GRR base case scenario for calendar 2018 (DYOR).

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Est C2018          
    1   Mar-18 Jun-18 Sep-18 Dec-18 FYE 2018
    2   3 3 3 3 12
    3 Revenue $ 87,318 $ 73,892 $ 73,892 $ 83,300 $ 318,402
    4 EBIT $ 37,620 $ 27,840 $ 27,840 $ 32,640 $ 125,940
    5 Assumptions         Annual average
    6 Royalty 2%          
    7 Pellets         AUD 130.00/t
    8 C1 ave         AUD80.00/t
    9 Pellet shipped         2.5 million tonne
    10 65% FE Pellet premium       stable
    11 AUD/USD         $ 0.78
 
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