Pellet Price, page-848

Starting to get ridiculous....

	ASX GRR
	Shares on Issue	1,157,338,698.00
	Cash / Receivables	$332,020,000.00
	Cash / Receivablesvalue per share	0.286882311
	Debt	0
	Current Net Position	$332,020,000.00
	Share Price	0.58
	Market Cap	671,256,444.84
	Assumed production costs (AUD)	113
	Life of Mine/Production asset (years)	10
	Pellet price AUD	380
	Earnings per tonne	267
	Likely annual production rates	2,500,000.00
	Assumed EBITDA	667,500,000.00
	EPS	0.576754239
	Assumed PE ratio of 5	$2.88
	Assumed PE ratio of 5 + cash	$3.17
	Assumed PE ratio of 10 (life or project) + cash	$6.05
	25% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc)	$2.92
	Return on investment using above 25% discount rate	504%
	Current annual dividend	4c

The above is not advice and are my back of the envelope calculations only. They could be wrong so do your own research.

Alot of variables here including the iron ore price sustaining the current move.. Even if the iron ore price halved from here this would still be a screaming buy for me.

Do your own research, speak to a professional as i am not one and this information could be wrong.

I have personally gone all in on this one however due to the above.